Vornado Realty Trust Balance Sheet Health
Financial Health criteria checks 1/6
Vornado Realty Trust has a total shareholder equity of $6.3B and total debt of $8.3B, which brings its debt-to-equity ratio to 132.5%. Its total assets and total liabilities are $16.1B and $9.8B respectively. Vornado Realty Trust's EBIT is $356.9M making its interest coverage ratio 1.2. It has cash and short-term investments of $840.8M.
Key information
132.5%
Debt to equity ratio
US$8.30b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$840.76m |
| Equity | US$6.27b |
| Total liabilities | US$9.82b |
| Total assets | US$16.08b |
Recent financial health updates
No updates
Recent updates
Vornado Realty Trust: Manhattan Is The Best Office Real Estate Market In America, Preferreds Should Rally
Nov 13Vornado: A Full Recovery Is Priced In
Nov 06Vornado Realty Trust: My Largest Preferred Position Is The Series O
Aug 15Vornado Realty Trust: An 8.5% Yield For 52 Cents With The Series O Preferreds
Jun 07Vornado Realty Trust Q1 Earnings: Management Is Excited, But There Is Reason To Be Cautious
May 16Vornado Realty: I'm Still Buying The Preferreds
Apr 01Vornado Realty: I Backed Up The Truck Ahead Of Earnings
Jan 21Vornado: Valuation Normalized (Downgrade To Hold)
Jan 13Vornado: Q3 Results Point To A Steady Decline, Leaving Shares Unappealing
Oct 31New York Office Risks Remain, But Vornado Is Appropriately Discounted
Oct 11Vornado Realty's 8.7% Yielding Preferreds For 60 Cents On The Dollar
Sep 01Vornado: Exceptional Results Vs. The Exceptional Debt Load
Aug 01Vornado Realty Has Steam Heading Into Earnings After The SL Green News
Jul 10Vornado: Landmark Transaction May Re-Rate Office REITs Higher
Jun 27Vornado Realty Is Besieged On All Sides
May 30Vornado Realty Trust Q4 Earnings Preview
Feb 12Vornado Realty Trust expects $600M non-cash impairment charges in Q4
Jan 31Vornado Realty: Avoid The Dividend Cut With The 8.6% Preferreds
Dec 28Vornado: Expect A Dividend Cut
Dec 12Vornado: Upside Could Offset Any Correction In The Dividend Payout
Nov 04Vornado Realty Trust's Balance Sheet Adds To Office Woes
Oct 25You Say Vornado, I Say Vornado
Aug 31Vornado Realty Trust: Deal-Making Opportunities Are Brewing
Aug 03Vornado Realty Trust declares $0.53 dividend
Jul 28Vornado Realty Trust completes sale of a New York office building for $172.8M
Jul 05Vornado Realty Trust: Over 6% Dividend Yield On Premier NYC Properties
May 24Financial Position Analysis
Short Term Liabilities: VNO's short term assets ($1.9B) exceed its short term liabilities ($375.6M).
Long Term Liabilities: VNO's short term assets ($1.9B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: VNO's net debt to equity ratio (119.1%) is considered high.
Reducing Debt: VNO's debt to equity ratio has increased from 88.6% to 132.5% over the past 5 years.
Debt Coverage: VNO's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: VNO's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 01:20 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vornado Realty Trust is covered by 32 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Ross Smotrich | Barclays |
| Brendan Lynch | Barclays |