Global Medical REIT Balance Sheet Health
Financial Health criteria checks 1/6
Global Medical REIT has a total shareholder equity of $597.1M and total debt of $617.8M, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are $1.3B and $666.5M respectively. Global Medical REIT's EBIT is $37.2M making its interest coverage ratio 1.3. It has cash and short-term investments of $30.6M.
Key information
103.5%
Debt to equity ratio
US$617.76m
Debt
Interest coverage ratio | 1.3x |
Cash | US$30.62m |
Equity | US$597.10m |
Total liabilities | US$666.48m |
Total assets | US$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3UN's short term assets ($75.6M) exceed its short term liabilities ($38.5M).
Long Term Liabilities: 3UN's short term assets ($75.6M) do not cover its long term liabilities ($627.9M).
Debt to Equity History and Analysis
Debt Level: 3UN's net debt to equity ratio (98.3%) is considered high.
Reducing Debt: 3UN's debt to equity ratio has increased from 71.3% to 103.5% 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 (1.3x coverage).