Market Cap : 36.16 B | Enterprise Value : 62.56 B | Price-to-FFO : 10.09 | PB Ratio : 11.26 |
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Simon Property Group has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Simon Property Group Inc displays poor financial strength. Usually this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.Simon Property Group's Interest Coverage for the quarter that ended in Mar. 2022 was 3.35. Simon Property Group's debt to revenue ratio for the quarter that ended in Mar. 2022 was 4.95. As of today, Simon Property Group's Altman Z-Score is 0.96.
For the REIT - Retail subindustry, Simon Property Group's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the REITs industry and Real Estate sector, Simon Property Group's Financial Strength distribution charts can be found below:
* The bar in red indicates where Simon Property Group's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Simon Property Group's Interest Expense for the months ended in Mar. 2022 was $-185 Mil. Its Operating Income for the months ended in Mar. 2022 was $620 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $25,675 Mil.
Simon Property Group's Interest Coverage for the quarter that ended in Mar. 2022 is
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2022 ) | / | Interest Expense (Q: Mar. 2022 ) |
= | -1 | * | 620.391 | / | -185.159 | |
= | 3.35 |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies interest coverage is at least 5. Simon Property Group Inc interest coverage is 3.12, which is low.
2. Debt to revenue ratio. The lower, the better.
Simon Property Group's Debt to Revenue Ratio for the quarter that ended in Mar. 2022 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2022 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 25674.521) | / | 5183.688 | |
= | 4.95 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Simon Property Group has a Z-score of 0.96, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.96 is in distress zone. This implies bankrupcy possibility in the next two years.
* 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.
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Simon Property Group has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Thank you for viewing the detailed overview of Simon Property Group's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Aeppel Glyn | director | 6 WHIPPOORWILL LANE WESTPORT CT 06880 |
Glasscock Larry C | director | SYSCO CORPORATION 1390 ENCLAVE PARKWAY HOUSTON TX 77077 |
Selig Stefan M | director | 2 EAST 70TH STREET NEW YORK NY 10021 |
Smith Daniel C. | director | 3000 GODFREY GRADUATE AND EXECUTIVE CTR. 1275 EAST TENTH STREET BLOOMINGTON IN 47405-1703 |
Stewart Marta R | director | C/O NORFOLK SOUTHERN CORP THREE COMMERCIAL PL NORFOLK VA 23510-9219 |
Smith J Albert Jr | director | 111 MONUMENT CIRCLE IN1-0175 INDIANAPOLIS IN 46204 |
Leibowitz Reuben S | director | 466 LEXINGTON AVENUE 10TH FL NEW YORK NY 10017 |
Horn Karen N | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: HORN KAREN N a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Rodkin Gary M | director | 700 ANDERSON HILL RD PURCHASE NJ 10577 |
Hubbard Allan B | director | ANTHEM INC. 120 MONUMENT CIRCLE INDIANAPOLIS IN 46204 |
Mcdade Brian J. | officer: EVP, CFO and Treasurer | 225 W. WASHINGTON ST. INDIANAPOLIS IN 46204 |
Snyder Alexander L.w. | officer: Asst. General Counsel/Sec. | 225 W. WASHINGTON ST. INDIANAPOLIS IN 46204 |
Reuille Adam | officer: SVP & Chief Accounting Officer | 225 W. WASHINGTON ST. INDIANAPOLIS IN 46204 |
Simon Eli | officer: Sr. VP, Corporate Investments | 225 W. WASHINGTON ST. INDIANAPOLIS IN 46204 |
Simon Herbert | director, other: Chairman Emeritus of the Board | 115 W WASHINGTON ST INDIANAPOLIS IN 46204 |
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