Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 1/6
Gladstone Commercial has a total shareholder equity of $339.1M and total debt of $694.8M, which brings its debt-to-equity ratio to 204.9%. Its total assets and total liabilities are $1.1B and $757.2M respectively. Gladstone Commercial's EBIT is $52.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $14.4M.
Key information
204.9%
Debt to equity ratio
US$694.83m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$14.39m |
| Equity | US$339.09m |
| Total liabilities | US$757.23m |
| Total assets | US$1.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLE's short term assets ($86.0M) exceed its short term liabilities ($23.6M).
Long Term Liabilities: GLE's short term assets ($86.0M) do not cover its long term liabilities ($733.6M).
Debt to Equity History and Analysis
Debt Level: GLE's net debt to equity ratio (200.7%) is considered high.
Reducing Debt: GLE's debt to equity ratio has increased from 172.3% to 204.9% over the past 5 years.
Debt Coverage: GLE's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: GLE's interest payments on its debt are not well covered by EBIT (1.4x coverage).