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 ratio1.2x
CashUS$20.69m
EquityUS$564.61m
Total liabilitiesUS$677.99m
Total assetsUS$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).


Balance Sheet


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