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INDUS Realty Trust has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.INDUS Realty Trust did not have earnings to cover the interest expense. INDUS Realty Trust's debt to revenue ratio for the quarter that ended in Mar. 2023 was 3.13. As of today, INDUS Realty Trust's Altman Z-Score is 2.07.
For the REIT - Industrial subindustry, INDUS Realty Trust's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the REITs industry and Real Estate sector, INDUS Realty Trust's Financial Strength distribution charts can be found below:
* The bar in red indicates where INDUS Realty Trust's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
INDUS Realty Trust's Interest Expense for the months ended in Mar. 2023 was $-1.76 Mil. Its Operating Income for the months ended in Mar. 2023 was $-4.15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $170.00 Mil.
INDUS Realty Trust's Interest Coverage for the quarter that ended in Mar. 2023 is
INDUS Realty Trust did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
INDUS Realty Trust's Debt to Revenue Ratio for the quarter that ended in Mar. 2023 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2023 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (0 | + | 170) | / | 54.28 | |
= | 3.13 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
INDUS Realty Trust has a Z-score of 2.07, indicating it is in Grey Zones. This implies that INDUS Realty Trust is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.07 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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.
INDUS Realty Trust (NAS:INDT) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
INDUS Realty Trust has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of INDUS Realty Trust's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
Susan Cullman | 10 percent owner | 641 LEXINGTON AVENUE, NEW YORK NY 10022-4599 |
Jon W. Clark | officer: Executive Vice President | 420 LEXINGTON AVE., NEW YORK NY 10170 |
Edgar Jr Cullman | 10 percent owner | 641 LEXINGTON AVE, 29TH FLOOR, NEW YORK NY 10022 |
Ccp Sbs Gp, Llc | 10 percent owner | C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152 |
Cpref Ii Aiv Ii - A, L.p. | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Cpref Ii Aiv Ii - B, L.p. | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Centerbridge Partners Real Estate Associates Ii, L.p. | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Cpref Ii Cayman Gp Ltd. | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Centerbridge Partners Real Estate Fund Sbs Ii, L.p. | 10 percent owner | 375 PARK AVENUE, NEW YORK NY 10152 |
Jeffrey Aronson | 10 percent owner | 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152 |
Conversant Gp Holdings Llc | 10 percent owner | 90 PARK AVENUE 32ND FLOOR, NEW YORK NY 10016 |
Conversant Capital Llc | 10 percent owner | 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT NJ 07901 |
Michael Simanovsky | 10 percent owner | 90 PARK AVENUE, 32ND FLOOR, NEW YORK NY 10016 |
Thomas M. Lescalleet | officer: SVP, Griffin Land | C/O GRIFFIN LAND & NURSERIES, INC., 90 SALMON BROOK STREET, GRANBY CT 06035 |
Small Albert H Jr | director | 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134 |
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