Medalist Diversified REIT Balance Sheet Health
Financial Health criteria checks 3/6
Medalist Diversified REIT has a total shareholder equity of $13.7M and total debt of $66.1M, which brings its debt-to-equity ratio to 481.1%. Its total assets and total liabilities are $82.7M and $69.0M respectively. Medalist Diversified REIT's EBIT is $1.2M making its interest coverage ratio 0.3. It has cash and short-term investments of $2.4M.
Key information
481.1%
Debt to equity ratio
US$66.06m
Debt
Interest coverage ratio | 0.3x |
Cash | US$2.41m |
Equity | US$13.73m |
Total liabilities | US$69.02m |
Total assets | US$82.75m |
Financial Position Analysis
Short Term Liabilities: MDRR's short term assets ($15.1M) exceed its short term liabilities ($2.4M).
Long Term Liabilities: MDRR's short term assets ($15.1M) do not cover its long term liabilities ($66.6M).
Debt to Equity History and Analysis
Debt Level: MDRR's net debt to equity ratio (463.5%) is considered high.
Reducing Debt: MDRR's debt to equity ratio has increased from 178.6% to 481.1% 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: MDRR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MDRR has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 18.2% each year.