Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Commercial has a total shareholder equity of $324.3M and total debt of $739.5M, which brings its debt-to-equity ratio to 228%. Its total assets and total liabilities are $1.1B and $809.2M respectively. Gladstone Commercial's EBIT is $50.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $18.9M.
Key information
228.0%
Debt to equity ratio
US$739.53m
Debt
Interest coverage ratio | 1.4x |
Cash | US$18.89m |
Equity | US$324.31m |
Total liabilities | US$809.16m |
Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLE's short term assets ($101.8M) exceed its short term liabilities ($43.1M).
Long Term Liabilities: GLE's short term assets ($101.8M) do not cover its long term liabilities ($766.1M).
Debt to Equity History and Analysis
Debt Level: GLE's net debt to equity ratio (222.2%) is considered high.
Reducing Debt: GLE's debt to equity ratio has increased from 166.6% to 228% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GLE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GLE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.7% per year.