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Strawberry Fields REIT (Strawberry Fields REIT) Financial Strength : 3 (As of Mar. 2024)


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What is Strawberry Fields REIT Financial Strength?

Strawberry Fields REIT has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Strawberry Fields REIT Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

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.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Strawberry Fields REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 1.74. Strawberry Fields REIT's debt to revenue ratio for the quarter that ended in Mar. 2024 was 5.06. As of today, Strawberry Fields REIT's Altman Z-Score is 0.63.


Competitive Comparison of Strawberry Fields REIT's Financial Strength

For the REIT - Healthcare Facilities subindustry, Strawberry Fields REIT'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.


Strawberry Fields REIT's Financial Strength Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Strawberry Fields REIT's Financial Strength distribution charts can be found below:

* The bar in red indicates where Strawberry Fields REIT's Financial Strength falls into.



Strawberry Fields REIT Financial Strength Calculation

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:

Strawberry Fields REIT's Interest Expense for the months ended in Mar. 2024 was $-8.0 Mil. Its Operating Income for the months ended in Mar. 2024 was $13.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $563.3 Mil.

Strawberry Fields REIT's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*13.885/-7.962
=1.74

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Strawberry Fields REIT Inc interest coverage is 1.78, which is low.

2. Debt to revenue ratio. The lower, the better.

Strawberry Fields REIT's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 563.329) / 111.336
=5.06

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.

Strawberry Fields REIT has a Z-score of 0.63, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.63 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.


Strawberry Fields REIT  (AMEX:STRW) 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.

Strawberry Fields REIT has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Strawberry Fields REIT Financial Strength Related Terms

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Strawberry Fields REIT (Strawberry Fields REIT) Business Description

Traded in Other Exchanges
N/A
Address
6101 Nimtz Parkway, South Bend, IN, USA, 46628
Strawberry Fields REIT Inc is a self-managed and self-administered company that specializes in the acquisition, ownership and triple-net leasing of skilled nursing facilities and other post-acute healthcare properties.
Executives
Jack Levine director C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Moishe Gubin officer: CEO 2929 E. COMMERCIAL BLVD, FORT LAUDERDALE FL 33308
Eingal Nahman officer: CFO 5683 N LINCOLN AVE, CHICAGO IL 60659