Gaming and Leisure Properties Balance Sheet Health
Financial Health criteria checks 3/6
Gaming and Leisure Properties has a total shareholder equity of $4.5B and total debt of $6.6B, which brings its debt-to-equity ratio to 147.4%. Its total assets and total liabilities are $11.8B and $7.3B respectively. Gaming and Leisure Properties's EBIT is $1.1B making its interest coverage ratio 3.4. It has cash and short-term investments of $211.5M.
Key information
147.4%
Debt to equity ratio
US$6.63b
Debt
Interest coverage ratio | 3.4x |
Cash | US$211.53m |
Equity | US$4.50b |
Total liabilities | US$7.29b |
Total assets | US$11.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GL's short term assets ($2.4B) exceed its short term liabilities ($506.5M).
Long Term Liabilities: 2GL's short term assets ($2.4B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: 2GL's net debt to equity ratio (142.7%) is considered high.
Reducing Debt: 2GL's debt to equity ratio has reduced from 262.4% to 147.4% over the past 5 years.
Debt Coverage: 2GL's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: 2GL's interest payments on its debt are well covered by EBIT (3.4x coverage).