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Essex Property Trust stock: balance sheet and debt

ESS
$271.80Closing price of 12 Nov 2026MEQIRI Score 57 out of 100

Essex Property Trust has a debt to equity ratio of 1.2 and an interest coverage of 3.7x.

Daily figure as of 13 Nov 2026

Debt / Equity
1.2
Interest coverage
3.7x
Current ratio
2.3
Cash & equivalents
$183.66M
Total assets
$13.16B
Equity ratio
43.6%
Goodwill and intangible assets
$7.5M
not split out
Net debt
$6.72B

Total assets and equity ratio

How large the balance sheet of Essex Property Trust, Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2006$2.49Bnot reported separatelynot reported separately34.1%$1.24B
2007$2.98Bnot reported separatelynot reported separately36.0%$1.66B
2008$3.16Bnot reported separatelynot reported separately34.1%$1.72B
2009$3.25Bnot reported separatelynot reported separately39.1%$1.93B
2010$3.73Bnot reported separatelynot reported separately36.3%$2.15B
2011$4.04Bnot reported separatelynot reported separately38.6%$2.27B
2012$4.85Bnot reported separatelynot reported separately38.9%$2.71B
2013$5.19Bnot reported separatelynot reported separately38.6%$2.92B
2014$11.56Bnot reported separatelynot reported separately53.3%$4.94B
2015$12.01Bnot reported separatelynot reported separately53.2%$5.15B
2016$12.22Bnot reported separatelynot reported separately51.9%$5.36B
2017$12.5Bnot reported separatelynot reported separately51.5%$5.45B
2018$12.38Bnot reported separatelynot reported separately51.9%$5.26B
2019$12.71Bnot reported separatelynot reported separately50.7%$5.67B
2020$12.94Bnot reported separatelynot reported separately48.0%$6.1B
2021$13B$8.9Mnot split out47.8%$6.12B
2022$12.37B$7.4Mnot split out47.9%$5.88B
2023$12.36B$6.1Mnot split out45.5%$5.79B
2024$12.93B$7.7Mnot split out44.5%$6.52B
2025$13.16B$7.5Mnot split out43.6%$6.72B

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2006$9.66M$612.21M$1.25B1.47
2007$2.02M$790.32M$1.66B1.55
2008$45.31M$844.92M$1.76B1.63
2009$155.5M$1.05B$2.09B1.64
2010$106.06M$1.15B$2.26B1.67
2011$87.16M$1.44B$2.36B1.52
2012$111.32M$1.77B$2.82B1.5
2013$108.58M$1.89B$3.03B1.51
2014$142.85M$6.02B$5.08B0.82
2015$167.17M$6.24B$5.32B0.83
2016$204.11M$6.19B$5.56B0.88
2017$234.62M$6.28B$5.69B0.88
2018$344.01M$6.27B$5.61B0.87
2019$214.28M$6.22B$5.89B0.91
2020$221.4M$6B$6.33B1.02
2021$240.25M$5.99B$6.36B1.02
2022$146.04M$5.72B$6.03B1.02
2023$479.54M$5.42B$6.27B1.11
2024$136.59M$5.54B$6.65B1.16
2025$183.66M$5.54B$6.9B1.2

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Jan 2023)
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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