Gaming and Leisure Properties Balance Sheet Health
Financial Health criteria checks 3/6
Gaming and Leisure Properties has a total shareholder equity of $4.6B and total debt of $7.4B, which brings its debt-to-equity ratio to 160.3%. Its total assets and total liabilities are $12.7B and $8.1B respectively. Gaming and Leisure Properties's EBIT is $1.1B making its interest coverage ratio 3.5. It has cash and short-term investments of $494.1M.
Key information
160.3%
Debt to equity ratio
US$7.41b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$494.14m |
| Equity | US$4.62b |
| Total liabilities | US$8.06b |
| Total assets | US$12.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1AM34's short term assets ($3.2B) exceed its short term liabilities ($960.9M).
Long Term Liabilities: G1AM34's short term assets ($3.2B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: G1AM34's net debt to equity ratio (149.6%) is considered high.
Reducing Debt: G1AM34's debt to equity ratio has reduced from 272.9% to 160.3% over the past 5 years.
Debt Coverage: G1AM34's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: G1AM34's interest payments on its debt are well covered by EBIT (3.5x coverage).