Farmland Partners Balance Sheet Health

Financial Health criteria checks 2/6

Farmland Partners has a total shareholder equity of $620.6M and total debt of $392.2M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $1.0B and $406.5M respectively. Farmland Partners's EBIT is $27.5M making its interest coverage ratio 1.3. It has cash and short-term investments of $8.9M.

Key information

63.2%

Debt to equity ratio

US$392.24m

Debt

Interest coverage ratio1.3x
CashUS$8.90m
EquityUS$620.64m
Total liabilitiesUS$406.48m
Total assetsUS$1.03b

Recent financial health updates

No updates

Recent updates

Farmland Partners Massive Land Sale Demonstrates Asset Value

Oct 17

Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV

Oct 07

Farmland Partners: A Better Alternative To Gold Or Treasuries

Sep 24

Farmland Partners: Reaching NAV Unlikely Outside Of A Sale

Jul 11

Farmland Partners Q1 Earnings: Results In Line, Still Pricey

May 01

Farmland Partners: The Store Of Value Thesis

Mar 20

Farmland Partners: Some Structural Merits, But Not Very Compelling At These Levels

Jan 02

Farmland Partners: Why The Strategy Is Not Working

Oct 18

Farmland Partners' ~$18.60 Value Is Obscured By Accounting Intricacies

Aug 15

Farmland Partners: Unique Business But Pricey

Jul 20

Farmland Partners Q4 Earnings: Is The Stock Worth Buying The Dip?

Feb 24

Farmland Partners acquires Illinois Farmland for $2.16M

Feb 03

Farmland Partners: Assessing If A Breakout Is At Hand

Jan 19

Farmland Partners appoints Luca Fabbri as CEO

Nov 08

Farmland Partners Q3 2022 Earnings Preview

Oct 24

Farmland partners purchases two new farms for $3.36M

Oct 12

Farmland Partners Remains A Value Even After Doubling

Sep 14

Farmland Partners: Portfolio Diversifier And Tail Hedge

Sep 02

Farmland Partners sees revenue growth as renewable energy tenant expands solar power portfolio

Aug 24

Farmland Partners acquires two Illinois farms for $6.6M

Aug 03

Farmland Partners Q2 2022 Earnings Preview

Jul 26

Financial Position Analysis

Short Term Liabilities: FPI's short term assets ($39.1M) exceed its short term liabilities ($38.9M).

Long Term Liabilities: FPI's short term assets ($39.1M) do not cover its long term liabilities ($367.6M).


Debt to Equity History and Analysis

Debt Level: FPI's net debt to equity ratio (61.8%) is considered high.

Reducing Debt: FPI's debt to equity ratio has reduced from 89.8% to 63.2% over the past 5 years.

Debt Coverage: FPI's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: FPI's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


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