Medalist Diversified REIT Balance Sheet Health
Financial Health criteria checks 3/6
Medalist Diversified REIT has a total shareholder equity of $16.5M and total debt of $55.1M, which brings its debt-to-equity ratio to 334.6%. Its total assets and total liabilities are $74.6M and $58.1M respectively. Medalist Diversified REIT's EBIT is $1.3M making its interest coverage ratio 0.4. It has cash and short-term investments of $3.2M.
Key information
334.6%
Debt to equity ratio
US$55.11m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$3.22m |
| Equity | US$16.47m |
| Total liabilities | US$58.14m |
| Total assets | US$74.61m |
Financial Position Analysis
Short Term Liabilities: MDRR's short term assets ($6.4M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: MDRR's short term assets ($6.4M) do not cover its long term liabilities ($56.6M).
Debt to Equity History and Analysis
Debt Level: MDRR's net debt to equity ratio (315.1%) is considered high.
Reducing Debt: MDRR's debt to equity ratio has increased from 240.4% to 334.6% 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 MDRR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MDRR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24% per year.