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 ratio | 1.3x |
Cash | US$8.90m |
Equity | US$620.64m |
Total liabilities | US$406.48m |
Total assets | US$1.03b |
Recent financial health updates
No updates
Recent updates
Farmland Partners Massive Land Sale Demonstrates Asset Value
Oct 17Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV
Oct 07Farmland Partners: A Better Alternative To Gold Or Treasuries
Sep 24Farmland Partners: Reaching NAV Unlikely Outside Of A Sale
Jul 11Farmland Partners Q1 Earnings: Results In Line, Still Pricey
May 01Farmland Partners: The Store Of Value Thesis
Mar 20Farmland Partners: Some Structural Merits, But Not Very Compelling At These Levels
Jan 02Farmland Partners: Why The Strategy Is Not Working
Oct 18Farmland Partners' ~$18.60 Value Is Obscured By Accounting Intricacies
Aug 15Farmland Partners: Unique Business But Pricey
Jul 20Farmland Partners Q4 Earnings: Is The Stock Worth Buying The Dip?
Feb 24Farmland Partners acquires Illinois Farmland for $2.16M
Feb 03Farmland Partners: Assessing If A Breakout Is At Hand
Jan 19Farmland Partners appoints Luca Fabbri as CEO
Nov 08Farmland Partners Q3 2022 Earnings Preview
Oct 24Farmland partners purchases two new farms for $3.36M
Oct 12Farmland Partners Remains A Value Even After Doubling
Sep 14Farmland Partners: Portfolio Diversifier And Tail Hedge
Sep 02Farmland Partners sees revenue growth as renewable energy tenant expands solar power portfolio
Aug 24Farmland Partners acquires two Illinois farms for $6.6M
Aug 03Financial 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
Discover healthy companies
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/23 03:57 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
---|---|---|---|
Company Financials | 10 years |
| |
Analyst Consensus Estimates | +3 years |
|
|
Market Prices | 30 years |
| |
Ownership | 10 years |
| |
Management | 10 years |
| |
Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Farmland Partners Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
---|---|
Nathan Crossett | Berenberg |
Paul Adornato | BMO Capital Markets Equity Research |
Craig Kucera | B. Riley Securities, Inc. |