Plymouth Industrial REIT Balance Sheet Health
Financial Health criteria checks 0/6
Plymouth Industrial REIT has a total shareholder equity of $441.6M and total debt of $822.7M, which brings its debt-to-equity ratio to 186.3%. Its total assets and total liabilities are $1.5B and $1.1B respectively. Plymouth Industrial REIT's EBIT is $36.2M making its interest coverage ratio 0.9. It has cash and short-term investments of $34.6M.
Key information
186.3%
Debt to equity ratio
US$822.67m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$34.62m |
| Equity | US$441.65m |
| Total liabilities | US$1.05b |
| Total assets | US$1.50b |
Recent financial health updates
No updates
Recent updates
Plymouth Industrial: Too Risky To Own
Nov 17Plymouth Industrial: Buy High Quality At A Substantial Discount
Aug 04Plymouth Industrial: An Interesting Industrial REIT
May 24Plymouth Industrial: Good Time To Accumulate This Undervalued REIT
Mar 14Plymouth Industrial: High Growth At A Low Price
Dec 30Plymouth: Industrial Growth Without The Industrial Multiple
Oct 10Plymouth Industrial REIT: The Next Target In M&A?
Aug 08Plymouth Industrial REIT Q4 2022 Earnings Preview
Feb 22Plymouth Industrial: Value O' Plenty In Secondary Markets
Jan 31Plymouth Industrial posts solid rental rate, occupancy growth in 2022
Jan 05Plymouth Industrial REIT declares $0.22 dividend
Dec 15Plymouth Industrial: A Rock Solid REIT With Double-Digit Rent Growth
Nov 09Plymouth Industrial REIT Q3 2022 Earnings Preview
Nov 02Plymouth Industrial REIT reports Q3 leases of 2.6M sq. ft.
Oct 07Plymouth Industrial REIT declares $0.22 dividend
Sep 15Plymouth Industrial REIT: Half The Price Of Its Peers With Similar Growth
Aug 29Plymouth Industrial: A Value REIT In The Industrials Sector
Aug 05As Overhang Is Removed, Plymouth's True Value Is Revealed
May 20Financial Position Analysis
Short Term Liabilities: PLYM's short term assets ($255.5M) do not cover its short term liabilities ($344.0M).
Long Term Liabilities: PLYM's short term assets ($255.5M) do not cover its long term liabilities ($710.8M).
Debt to Equity History and Analysis
Debt Level: PLYM's net debt to equity ratio (178.4%) is considered high.
Reducing Debt: PLYM's debt to equity ratio has increased from 131.7% to 186.3% over the past 5 years.
Debt Coverage: PLYM's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: PLYM's interest payments on its debt are not well covered by EBIT (0.9x coverage).