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Cousins Properties (Cousins Properties) Financial Strength : 4 (As of Dec. 2023)


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What is Cousins Properties Financial Strength?

Cousins Properties has the Financial Strength Rank of 4.

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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Cousins Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 1.70. Cousins Properties's debt to revenue ratio for the quarter that ended in Dec. 2023 was 3.19. As of today, Cousins Properties's Altman Z-Score is 0.61.


Competitive Comparison of Cousins Properties's Financial Strength

For the REIT - Office subindustry, Cousins Properties'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.


Cousins Properties's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cousins Properties's Financial Strength distribution charts can be found below:

* The bar in red indicates where Cousins Properties's Financial Strength falls into.



Cousins Properties Financial Strength Calculation

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:

Cousins Properties's Interest Expense for the months ended in Dec. 2023 was $-27.5 Mil. Its Operating Income for the months ended in Dec. 2023 was $46.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,511.0 Mil.

Cousins Properties's Interest Coverage for the quarter that ended in Dec. 2023 is

Interest Coverage=-1*Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*46.792/-27.453
=1.70

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Cousins Properties's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 2510.975) / 787.912
=3.19

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.

Cousins Properties has a Z-score of 0.61, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.61 is in distress zone. This implies bankruptcy 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.


Cousins Properties  (NYSE:CUZ) Financial Strength Explanation

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.

Cousins Properties has the Financial Strength Rank of 4.


Cousins Properties Financial Strength Related Terms

Thank you for viewing the detailed overview of Cousins Properties's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Cousins Properties (Cousins Properties) Business Description

Traded in Other Exchanges
Address
3344 Peachtree Road NE, Suite 1800, Atlanta, GA, USA, 30326-4802
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.
Executives
Pamela F Roper officer: Senior Vice President 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Scott W Fordham director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Dionne Nelson director 3344 PEACHTREE ROAD, NE, SUITE 1800, ATLANTA GA 30326
Jane Kennedy Hicks officer: Executive VP, Investments 1820 PEACHTREE RD NW, #502, ATLANTA GA 30309
Hickson Richard G Iv officer: Executive Vice President 3344 PEACHTREE ROAD NE SUITE 1800, ATLANTA GA 30326
Jeffrey D Symes officer: SVP, Chief Accounting Officer 545 E. JOHN CARPENTER FWY., SUITE 1300, IRVING TX 75062
Griffin R Kent Jr director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Gellerstedt Lawrence L Iii officer: President-Office/Multi-Fam Div 3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
John S Mccoll officer: Senior Vice President 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Edward Manuel Casal director 3344 PEACHTREE ROAD NE, STE 1800, ATLANTA GA 30326
S Taylor Glover director 3344 PEACHTREE ROAD NE STE 1800, ATLANTA 2Q 30326
Lillian C Giornelli director 3344 PEACHTREE ROAD STE 1800, ATLANTA GA 30326
Kelvin L. Davis director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Brenda J Mixson director P.O.BOX 697, ST. HELENA CA 94574
Charles T Cannada director 3344 PEACHTREE ROAD STE 1800, ATLANTA GA 30326