Problem:
Please list the short term liabilities (or debt) and long term liabilities for Extra Space Storage (NYSE: EXR). Please also compute the debt ratio of Extra Space Storage and the debt to equity ratio. Also, show these two ratios for short-term liabilities only and for long-term liabilities only and explain.
Can you please provide your recommendations as to whether or not you consider these ratios to be too small or too large. Do you think the company should increase its debt or take steps to pay off the calculated debt?
Please also compute the debt to equity ratios of Public Storage (NYSE: PSA) and Sovran Self Storage Inc. (NYSE: SSS)