Extra Space Storage (BSP:E1XR34) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is Extra Space Storage Debt-to-Equity?

Extra Space Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$3,087 Mil. Extra Space Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$53,634 Mil. Extra Space Storage's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$71,196 Mil. Extra Space Storage's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 Extra Space Storage's Debt-to-Equity or its related term are showing as below:

BSP:E1XR34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.94 Max: 2.37
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Extra Space Storage was 2.37. The lowest was 0.77. And the median was 1.94.

BSP:E1XR34's Debt-to-Equity is ranked worse than
50.89% of 672 companies
in the REITs industry
Industry Median: 0.785 vs BSP:E1XR34: 0.80

Extra Space Storage Debt-to-Equity Historical Data

The historical data trend for Extra Space Storage'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.

Extra Space Storage Debt-to-Equity Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.10

2.36

1.99

2.32

0.78

Extra Space Storage 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															2.33	2.37	0.77	0.78	0.80

Competitive Comparison of Extra Space Storage's Debt-to-Equity

For the REIT - Industrial subindustry, Extra Space Storage'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.

Extra Space Storage's Debt-to-Equity Distribution in the REITs Industry

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

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

Extra Space Storage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Extra Space Storage'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
	=	(3341.664	+	51797.074)	/	70512.635
	=	0.78

Extra Space Storage's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(3087.476	+	53633.606)	/	71196.43
	=	0.80

Extra Space Storage (BSP:E1XR34) 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.

Extra Space Storage Debt-to-Equity Related Terms

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

Extra Space Storage (BSP:E1XR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (BSP:E1XR34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EXR:USA FG8:Germany FG8:Germany

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 (BSP:E1XR34) Headlines

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