The Macerich (MAC) Debt Metrics
Market Cap: $3.67B
Avg Volume: 2.24M
Industry: REIT - Retail
Sector: Real Estate
How much debt does The Macerich have?
According to The Macerich's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
The Macerich's total debt stands at $5.06B. This is broken down into:
- Long-term debt: $5.06B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $4.97B. In terms of overall financial obligations, The Macerich's total liabilities amount to $5.72B.
Debt Ratios and Metrics
To better understand The Macerich's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.84 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 59.12% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.02 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 64.43% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 64.76% - this indicates the total debt in the company's capital structure.
These metrics provide insight into The Macerich'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
$5.06B
Long-term Debt
$5.06B
Short-term Debt
$-
Net Debt
$4.97B
Total Liabilities
$5.72B
Interest Coverage
0.02
Debt to Equity Ratio
1.84
Debt Ratio
59.12%
The Macerich Historical Debt Metrics
The Macerich 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 | $5.06B | $5.06B | $- | $4.97B | $5.72B | 1.84 | 59.12% | 0.02 | 64.43% | 64.76% |
| 2023 | $4.31B | $4.29B | $- | $4.21B | $4.99B | 1.76 | 57.36% | 0.00 | 63.33% | 63.78% |
| 2022 | $4.50B | $4.50B | $- | $4.40B | $5.14B | 1.57 | 55.58% | 0.67 | 60.58% | 61.09% |
| 2021 | $4.61B | $4.61B | $- | $4.50B | $5.17B | 1.51 | 55.23% | 0.73 | 59.78% | 60.20% |
| 2020 | $6.13B | $6.13B | $- | $5.66B | $6.74B | 2.72 | 66.73% | -1.35 | 72.79% | 73.08% |
| 2019 | $114.20M | $114.20M | $- | $14.20M | $6.02B | 0.04 | 1.29% | 1.84 | 0.00% | 4.16% |
| 2018 | $4.98B | $5.36B | $- | $4.88B | $5.84B | 1.69 | 55.20% | 1.14 | 64.50% | 62.81% |
| 2017 | $5.17B | $5.17B | $- | $5.08B | $5.64B | 1.40 | 53.82% | 1.37 | 58.41% | 58.41% |
| 2016 | $4.97B | $4.75B | $- | $4.87B | $5.53B | 1.21 | 49.87% | 1.58 | 53.62% | 54.74% |
| 2015 | $5.28B | $5.26B | $- | $5.20B | $6.19B | 1.12 | 46.93% | 1.52 | 52.73% | 52.84% |
Related Metrics
Explore detailed financial metrics and analysis for MAC.