Global Medical REIT Balance Sheet Health
Financial Health criteria checks 1/6
Global Medical REIT has a total shareholder equity of $564.6M and total debt of $628.9M, which brings its debt-to-equity ratio to 111.4%. Its total assets and total liabilities are $1.2B and $678.0M respectively. Global Medical REIT's EBIT is $34.8M making its interest coverage ratio 1.2. It has cash and short-term investments of $20.7M.
Key information
111.4%
Debt to equity ratio
US$628.88m
Debt
Interest coverage ratio | 1.2x |
Cash | US$20.69m |
Equity | US$564.61m |
Total liabilities | US$677.99m |
Total assets | US$1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3UN's short term assets ($63.0M) exceed its short term liabilities ($30.2M).
Long Term Liabilities: 3UN's short term assets ($63.0M) do not cover its long term liabilities ($647.8M).
Debt to Equity History and Analysis
Debt Level: 3UN's net debt to equity ratio (107.7%) is considered high.
Reducing Debt: 3UN's debt to equity ratio has increased from 111% to 111.4% over the past 5 years.
Debt Coverage: 3UN's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: 3UN's interest payments on its debt are not well covered by EBIT (1.2x coverage).