IIPR (Innovative Industrial Properties) Cash-to-Debt : 0.49 (As of Dec. 2024)

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What is Innovative Industrial Properties Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Innovative Industrial Properties's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.49.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Innovative Industrial Properties couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Innovative Industrial Properties's Cash-to-Debt or its related term are showing as below:

IIPR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: 0.61 Max: No Debt
Current: 0.49

During the past 9 years, Innovative Industrial Properties's highest Cash to Debt Ratio was No Debt. The lowest was 0.25. And the median was 0.61.

IIPR's Cash-to-Debt is ranked better than
73.7% of 867 companies
in the REITs industry
Industry Median: 0.08 vs IIPR: 0.49

Innovative Industrial Properties Cash-to-Debt Historical Data

The historical data trend for Innovative Industrial Properties's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Innovative Industrial Properties Cash-to-Debt Chart

Innovative Industrial Properties Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.92

0.25

0.29

0.47

0.49

Innovative Industrial Properties Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.52	0.41	0.50	0.49

Competitive Comparison of Innovative Industrial Properties's Cash-to-Debt

For the REIT - Industrial subindustry, Innovative Industrial Properties's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovative Industrial Properties's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Cash-to-Debt falls into.

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Innovative Industrial Properties Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Innovative Industrial Properties's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	146.245	/	(0	+	297.865)
	=	0.49

Innovative Industrial Properties's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	146.245	/	(0	+	297.865)
	=	0.49

Innovative Industrial Properties (NYSE:IIPR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Innovative Industrial Properties Cash-to-Debt Related Terms

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Innovative Industrial Properties Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Innovative Industrial Properties Inc (NYSE:IIPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IIPRpA.PFD:USA 0JBD:UK 1IK:Germany

Address

1389 Center Drive, Suite 200, Park City, UT, USA, 84098

Website

https://www.innovativeindustrialproperties.com

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.

Executives

David Stecher	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
David Jon Smith	officer: CFO AND TREASURER	C/O FIG LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Alan D Gold	director, officer: Executive Chairman	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scott Shoemaker	director	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Brian J. Wolfe	officer: VP, GEN. COUNSEL AND SECRETARY	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Paul E. Smithers	director, officer: PRESIDENT, CEO AND DIRECTOR	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Catherine Hastings	officer: CFO AND TREASURER	C/O INNOVATIVE INDUSTRIAL PROPERTIES INC, 17190 BERNARDO CENTER DRIVE, SAN DIEGO CA 92128
Andy Bui	officer: VP, CHIEF ACCOUNTING OFFICER	C/O INNOVATIVE INDUSTRIAL PROPERTIES, 11440 WEST BERNARDO COURT, SUITE 100, SAN DIEGO CA 92127
Mary A Curran	director	3 MACARTHUR BLVD, SANTA ANA CA 92707
Gary A Kreitzer	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hg Vora Capital Management, Llc	10 percent owner	330 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10017
Robert M. Sistek	officer: CFO and EVP, Investments	C/O CORESITE REALTY CORPORATION, 1050 17TH STREET, SUITE 800, DENVER CO 80265
Greg Fahey	officer: CAO and Treasurer	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Gary Malino	director	C/O PRICESMART, INC., 9740, SAN DIEGO CA 92121