Modiv Financial Health
Financial Health criteria checks 4/6
Modiv has a total shareholder equity of $233.9M and total debt of $213.8M, which brings its debt-to-equity ratio to 91.4%. Its total assets and total liabilities are $464.8M and $230.9M respectively. Modiv's EBIT is $13.7M making its interest coverage ratio 1.3. It has cash and short-term investments of $16.8M.
Key information
91.4%
Debt to equity ratio
US$213.81m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$16.77m |
| Equity | US$233.92m |
| Total liabilities | US$230.92m |
| Total assets | US$464.84m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MDV's short term assets ($36.6M) exceed its short term liabilities ($7.4M).
Long Term Liabilities: MDV's short term assets ($36.6M) do not cover its long term liabilities ($223.5M).
Debt to Equity History and Analysis
Debt Level: MDV's net debt to equity ratio (84.2%) is considered high.
Reducing Debt: MDV's debt to equity ratio has reduced from 101.1% to 91.4% 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.