Global Net Lease Balance Sheet Health
Financial Health criteria checks 3/6
Global Net Lease has a total shareholder equity of $2.5B and total debt of $5.1B, which brings its debt-to-equity ratio to 203.2%. Its total assets and total liabilities are $8.0B and $5.4B respectively. Global Net Lease's EBIT is $111.6M making its interest coverage ratio 0.5. It has cash and short-term investments of $142.7M.
Key information
203.2%
Debt to equity ratio
US$5.13b
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$142.68m |
| Equity | US$2.53b |
| Total liabilities | US$5.44b |
| Total assets | US$7.97b |
Recent financial health updates
No updates
Recent updates
Global Net Lease: Avoid Potential Income Trap With 8.5%+ Yielding Preferred Shares
May 21Global Net Lease: Declining Dividends And AFFO Per Share Impact Common Shares
Apr 18Global Net Lease: Even The Preferreds Look Risky
Mar 24Global Net Lease: 15.66% On Common Or 8.50% On Preferreds?
Jan 18Why Global Net Lease Should Be Avoided And What To Buy Instead
Jan 02Global Net Lease: Deep Value But Dividend Could Be At Risk
Nov 13Global Net Lease: A More Diversified 15.6% Common Equity Dividend
Oct 04Global Net Lease: At Risk Of A Dividend Cut
Aug 01Necessity Retail REIT: Should You Get Out Of The Commons Before Merger With Global Net Lease?
Jul 18Global Net Lease: Uncertain, Even With The Necessity Retail Merger
May 24Global Net Lease Q4 Earnings Preview
Feb 22Global Net Lease acquires eight properties in UK for $75M
Jan 1913% Dividend Yield For Suckers At Global Net Lease
Nov 01Global Net Lease adds over 100K occupied square feet to its portfolio in Q3
Oct 12Global Net Lease declares $0.40 dividend
Oct 03Global Net Lease Is A Mousetrap, Don't Take The Cheese
Jul 28Global Net Lease declares $0.40 dividend
Jul 01Global Net Lease: Invest For High Yield, But Understand The Underlying Risk
May 19Global Net Lease: High Yield With Troubling Risk Factors
Mar 06Global Net Lease: 10.82% Yield With Several External And Internal Risk Factors
Dec 16Global Net Lease: Not The Last Triple-Net We Would Buy
Jul 19Financial Position Analysis
Short Term Liabilities: GNL's short term assets ($407.6M) exceed its short term liabilities ($402.0M).
Long Term Liabilities: GNL's short term assets ($407.6M) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: GNL's net debt to equity ratio (197.6%) is considered high.
Reducing Debt: GNL's debt to equity ratio has increased from 108.7% to 203.2% 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 GNL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GNL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.4% per year.