EastGroup Properties (EGP) Debt Metrics
Market Cap: $9.11B
Avg Volume: 446.17K
Industry: REIT - Industrial
Sector: Real Estate
How much debt does EastGroup Properties have?
According to EastGroup Properties's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
EastGroup Properties's total debt stands at $1.55B. This is broken down into:
- Long-term debt: $1.55B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $1.53B. In terms of overall financial obligations, EastGroup Properties's total liabilities amount to $1.78B.
Debt Ratios and Metrics
To better understand EastGroup Properties's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.47 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 30.43% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 17.71 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 31.40% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 31.94% - this indicates the total debt in the company's capital structure.
These metrics provide insight into EastGroup Properties's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.55B
Long-term Debt
$1.55B
Short-term Debt
$-
Net Debt
$1.53B
Total Liabilities
$1.78B
Interest Coverage
17.71
Debt to Equity Ratio
0.47
Debt Ratio
30.43%
EastGroup Properties Historical Debt Metrics
EastGroup Properties Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.55B | $1.55B | $- | $1.53B | $1.78B | 0.47 | 30.43% | 17.71 | 31.40% | 31.94% |
| 2023 | $1.70B | $1.53B | $- | $1.66B | $1.91B | 0.65 | 37.54% | 5.06 | 36.59% | 39.41% |
| 2022 | $1.88B | $1.77B | $115.12M | $1.88B | $2.08B | 0.96 | 46.68% | 4.77 | 47.21% | 49.10% |
| 2021 | $1.48B | $1.40B | $75.11M | $1.47B | $1.64B | 0.94 | 45.93% | 4.61 | 46.72% | 48.47% |
| 2020 | $1.32B | $1.24B | $84.28M | $1.32B | $1.45B | 1.04 | 48.67% | 3.81 | 49.14% | 51.05% |
| 2019 | $1.18B | $1.08B | $114.05M | $1.18B | $1.34B | 0.99 | 46.45% | 3.39 | 47.09% | 49.62% |
| 2018 | $1.11B | $975.22M | $130.57M | $1.11B | $1.23B | 1.22 | 51.87% | 3.09 | 51.92% | 55.05% |
| 2017 | $1.11B | $1.05B | $- | $1.11B | $1.20B | 1.48 | 56.74% | 2.74 | 58.28% | 59.66% |
| 2016 | $1.10B | $1.05B | $- | $1.10B | $1.18B | 1.73 | 60.32% | 2.48 | 62.06% | 63.33% |
| 2015 | $1.03B | $1.03B | $- | $1.03B | $1.11B | 1.86 | 61.95% | 2.28 | 64.94% | 65.04% |
Related Metrics
Explore detailed financial metrics and analysis for EGP.