Plymouth Industrial REIT Balance Sheet Health
Financial Health criteria checks 4/6
Plymouth Industrial REIT has a total shareholder equity of $499.4M and total debt of $921.3M, which brings its debt-to-equity ratio to 184.5%. Its total assets and total liabilities are $1.5B and $1.0B respectively. Plymouth Industrial REIT's EBIT is $22.9M making its interest coverage ratio 0.6. It has cash and short-term investments of $50.2M.
Key information
184.5%
Debt to equity ratio
US$921.35m
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$50.19m |
| Equity | US$499.38m |
| Total liabilities | US$1.00b |
| Total assets | US$1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PLYM.PRA's short term assets ($69.7M) exceed its short term liabilities ($64.9M).
Long Term Liabilities: PLYM.PRA's short term assets ($69.7M) do not cover its long term liabilities ($936.4M).
Debt to Equity History and Analysis
Debt Level: PLYM.PRA's net debt to equity ratio (174.4%) is considered high.
Reducing Debt: PLYM.PRA's debt to equity ratio has reduced from 702.6% to 184.5% 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 PLYM.PRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLYM.PRA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.8% per year.