Veris Residential Balance Sheet Health
Financial Health criteria checks 2/6
Veris Residential has a total shareholder equity of $1.3B and total debt of $1.7B, which brings its debt-to-equity ratio to 131.8%. Its total assets and total liabilities are $3.0B and $1.8B respectively. Veris Residential's EBIT is $26.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $18.4M.
Key information
131.8%
Debt to equity ratio
US$1.69b
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$18.40m |
| Equity | US$1.28b |
| Total liabilities | US$1.76b |
| Total assets | US$3.04b |
Recent financial health updates
No updates
Recent updates
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Jul 31Veris's Future Profitability Is Unclear During Transition To Multifamily REIT
Dec 29Veris Residential: A Turnaround In Process
Dec 23Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)
Sep 12Veris Residential FFO of $0.05 misses by $0.08, revenue of $86.2M misses by $1.15M
Feb 21Veris Residential holder Madison International seeks possible board seat
Jan 13Veris Residential gains after rejecting increased Kushner offer; open to dialogue
Dec 12Veris Residential surges after it confirms $16/share buyout bid from Kushner
Oct 21Veris Residential jumps on $766M sale of Jersey City properties
Oct 10Veris Residential: Analysis Of The Newest 'Pure Play' Multi-Family REIT
Aug 16Veris Residential: Look At Total Return, Not Just Dividends
Jul 28Financial Position Analysis
Short Term Liabilities: VRE's short term assets ($70.5M) do not cover its short term liabilities ($415.2M).
Long Term Liabilities: VRE's short term assets ($70.5M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: VRE's net debt to equity ratio (130.3%) is considered high.
Reducing Debt: VRE's debt to equity ratio has increased from 113.3% to 131.8% 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 VRE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VRE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 25.7% per year.