Gladstone Land Balance Sheet Health
Financial Health criteria checks 4/6
Gladstone Land has a total shareholder equity of $719.6M and total debt of $633.6M, which brings its debt-to-equity ratio to 88.1%. Its total assets and total liabilities are $1.4B and $667.7M respectively. Gladstone Land's EBIT is $33.4M making its interest coverage ratio 1.5. It has cash and short-term investments of $25.9M.
Key information
88.1%
Debt to equity ratio
US$633.63m
Debt
Interest coverage ratio | 1.5x |
Cash | US$25.94m |
Equity | US$719.61m |
Total liabilities | US$667.71m |
Total assets | US$1.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3L4's short term assets ($25.9M) exceed its short term liabilities ($14.3M).
Long Term Liabilities: 3L4's short term assets ($25.9M) do not cover its long term liabilities ($653.4M).
Debt to Equity History and Analysis
Debt Level: 3L4's net debt to equity ratio (84.4%) is considered high.
Reducing Debt: 3L4's debt to equity ratio has reduced from 201.1% to 88.1% 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 3L4 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 3L4 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.9% per year.