Modiv Industrial Balance Sheet Health
Financial Health criteria checks 4/6
Modiv Industrial has a total shareholder equity of $225.1M and total debt of $280.0M, which brings its debt-to-equity ratio to 124.4%. Its total assets and total liabilities are $530.9M and $305.8M respectively. Modiv Industrial's EBIT is $8.7M making its interest coverage ratio 0.7. It has cash and short-term investments of $6.1M.
Key information
124.4%
Debt to equity ratio
US$280.01m
Debt
Interest coverage ratio | 0.7x |
Cash | US$6.10m |
Equity | US$225.12m |
Total liabilities | US$305.77m |
Total assets | US$530.90m |
Recent financial health updates
Recent updates
Modiv Industrial: A 7.2% Dividend Yield From Made In The USA
Mar 17Modiv Industrial: Industry Tailwinds Support Dividend Yield And Potential Upside
Dec 07Modiv: Might Be Moving In The Right Direction
Aug 18Modiv reports Q4 results
Feb 23Modiv Inc: High Cost Of Financing Leaves Little Scope For Expansion
Nov 15Modiv declares $0.0958 dividend
Nov 09Modiv declares goes ex dividend tomorrow
Oct 27Modiv GAAP AFFO of $0.35, revenue of $10.4M
Aug 11Modiv goes ex dividend tomorrow
Jul 27Financial Position Analysis
Short Term Liabilities: MDV's short term assets ($34.0M) exceed its short term liabilities ($15.7M).
Long Term Liabilities: MDV's short term assets ($34.0M) do not cover its long term liabilities ($290.0M).
Debt to Equity History and Analysis
Debt Level: MDV's net debt to equity ratio (121.7%) is considered high.
Reducing Debt: MDV's debt to equity ratio has reduced from 128% to 124.4% 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 MDV has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MDV is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.6% per year.