Extra Space Storage (FRA:FG8) Cash-to-Debt

: 0.01 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Extra Space Storage's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Extra Space Storage couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Extra Space Storage's Cash-to-Debt or its related term are showing as below:

FRA:FG8' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.02
Current: 0.01

During the past 13 years, Extra Space Storage's highest Cash to Debt Ratio was 0.02. The lowest was 0.01. And the median was 0.01.

FRA:FG8's Cash-to-Debt is ranked worse than
89.6% of 808 companies
in the REITs industry
Industry Median: 0.09 vs FRA:FG8: 0.01

Extra Space Storage Cash-to-Debt Historical Data

The historical data trend for Extra Space Storage's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.02

0.01

Extra Space Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.01	0.02	0.01

Competitive Comparison

For the REIT - Industrial subindustry, Extra Space Storage's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Extra Space Storage Cash-to-Debt Distribution

For the REITs industry and Real Estate sector, Extra Space Storage's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's Cash-to-Debt falls into.

Extra Space Storage Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Extra Space Storage's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	90.84	/	(625.394	+	9693.848)
	=	0.01

Extra Space Storage's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	90.84	/	(625.394	+	9693.848)
	=	0.01

Extra Space Storage (FRA:FG8) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Extra Space Storage Cash-to-Debt Related Terms

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

Extra Space Storage (FRA:FG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EXR:USA FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Extra Space Storage (FRA:FG8) Headlines

No Headlines