Innovative Industrial Properties Balance Sheet Health
Financial Health criteria checks 4/6
Innovative Industrial Properties has a total shareholder equity of $2.0B and total debt of $300.9M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are $2.4B and $438.1M respectively. Innovative Industrial Properties's EBIT is $177.1M making its interest coverage ratio 19.6. It has cash and short-term investments of $140.2M.
Key information
15.4%
Debt to equity ratio
US$300.88m
Debt
Interest coverage ratio | 19.6x |
Cash | US$140.25m |
Equity | US$1.95b |
Total liabilities | US$438.12m |
Total assets | US$2.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IIPR.PRA's short term assets ($183.7M) exceed its short term liabilities ($68.2M).
Long Term Liabilities: IIPR.PRA's short term assets ($183.7M) do not cover its long term liabilities ($369.9M).
Debt to Equity History and Analysis
Debt Level: IIPR.PRA's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: IIPR.PRA's debt to equity ratio has increased from 0% to 15.4% over the past 5 years.
Debt Coverage: IIPR.PRA's debt is well covered by operating cash flow (84.9%).
Interest Coverage: IIPR.PRA's interest payments on its debt are well covered by EBIT (19.6x coverage).