Equity Residential (Equity Residential) Debt-to-Equity : 0.70 (As of Dec. 2023)

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What is Equity Residential Debt-to-Equity?

Equity Residential's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $409 Mil. Equity Residential's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,293 Mil. Equity Residential's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,086 Mil. Equity Residential's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Equity Residential's Debt-to-Equity or its related term are showing as below:

EQR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 0.87 Max: 1.05
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Equity Residential was 1.05. The lowest was 0.69. And the median was 0.87.

EQR's Debt-to-Equity is ranked better than
57.5% of 673 companies
in the REITs industry
Industry Median: 0.78 vs EQR: 0.70

Equity Residential Debt-to-Equity Historical Data

The historical data trend for Equity Residential's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equity Residential Debt-to-Equity Chart

Equity Residential Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

0.80

0.79

0.69

0.70

Equity Residential Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.70	0.70	0.70	0.68

Competitive Comparison of Equity Residential's Debt-to-Equity

For the REIT - Residential subindustry, Equity Residential's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Equity Residential's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equity Residential's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Equity Residential's Debt-to-Equity falls into.

Equity Residential Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equity Residential's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(409.131	+	7292.959)	/	11085.828
	=	0.69

Equity Residential's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(409.131	+	7292.959)	/	11085.828
	=	0.69

Equity Residential (NYSE:EQR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Equity Residential Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Equity Residential's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Equity Residential (Equity Residential) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Equity Residential (NYSE:EQR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EQR:Germany E1QR34:Brazil

Address

Two North Riverside Plaza, Chicago, IL, USA, 60606

Website

https://www.equityapartments.com

Equity Residential owns a portfolio of 304 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.

Executives

David J Neithercut	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Michael L Manelis	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Mark S Shapiro	director	C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Mary Kay Haben	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Catherine Carraway	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 500, CHICAGO IL 60606
Alexander Brackenridge	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Ian Kaufman	officer: Chief Accounting Officer	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Scott Fenster	officer: EVP & General Counsel	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Robert Garechana	officer: EVP & Chief Financial Officer	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Christa L Sorenson	officer: Executive Vice President	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Linda Bynoe	director	980 N. MICHIGAN AVE, SUITE 1400, CHICAGO IL 60611
Angela M Aman	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Raymond Bennett	director	TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Stephen E Sterrett	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Bradley A Keywell	director