Veris Residential Balance Sheet Health
Financial Health criteria checks 2/6
Veris Residential has a total shareholder equity of $1.3B and total debt of $1.9B, which brings its debt-to-equity ratio to 144.6%. Its total assets and total liabilities are $3.2B and $1.9B respectively. Veris Residential's EBIT is $24.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $112.7M.
Key information
144.6%
Debt to equity ratio
US$1.85b
Debt
Interest coverage ratio | 0.2x |
Cash | US$112.70m |
Equity | US$1.28b |
Total liabilities | US$1.93b |
Total assets | US$3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WY4's short term assets ($236.8M) do not cover its short term liabilities ($367.8M).
Long Term Liabilities: WY4's short term assets ($236.8M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: WY4's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: WY4's debt to equity ratio has increased from 115.7% to 144.6% 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 26.4% per year.