Veris Residential Balance Sheet Health
Financial Health criteria checks 3/6
Veris Residential has a total shareholder equity of $1.3B and total debt of $1.7B, which brings its debt-to-equity ratio to 133.3%. Its total assets and total liabilities are $3.0B and $1.7B respectively. Veris Residential's EBIT is $37.2M making its interest coverage ratio 0.4. It has cash and short-term investments of $12.8M.
Key information
133.3%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$12.78m |
| Equity | US$1.26b |
| Total liabilities | US$1.75b |
| Total assets | US$3.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WY4's short term assets ($63.9M) do not cover its short term liabilities ($404.9M).
Long Term Liabilities: WY4's short term assets ($63.9M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: WY4's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: WY4's debt to equity ratio has reduced from 137.6% to 133.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable WY4 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WY4 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.1% per year.