Innovative Industrial Properties Balance Sheet Health
Financial Health criteria checks 5/6
Innovative Industrial Properties has a total shareholder equity of $1.9B and total debt of $297.5M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are $2.4B and $448.8M respectively. Innovative Industrial Properties's EBIT is $176.2M making its interest coverage ratio 25.1. It has cash and short-term investments of $147.1M.
Key information
15.3%
Debt to equity ratio
US$297.50m
Debt
| Interest coverage ratio | 25.1x |
| Cash | US$147.13m |
| Equity | US$1.95b |
| Total liabilities | US$448.79m |
| Total assets | US$2.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1IK's short term assets ($185.9M) exceed its short term liabilities ($69.9M).
Long Term Liabilities: 1IK's short term assets ($185.9M) do not cover its long term liabilities ($378.9M).
Debt to Equity History and Analysis
Debt Level: 1IK's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 1IK's debt to equity ratio has reduced from 29.8% to 15.3% over the past 5 years.
Debt Coverage: 1IK's debt is well covered by operating cash flow (89.7%).
Interest Coverage: 1IK's interest payments on its debt are well covered by EBIT (25.1x coverage).