Global Ship Lease Balance Sheet Health
Financial Health criteria checks 5/6
Global Ship Lease has a total shareholder equity of $1.4B and total debt of $635.1M, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are $2.2B and $850.6M respectively. Global Ship Lease's EBIT is $380.8M making its interest coverage ratio -170.6. It has cash and short-term investments of $301.7M.
Key information
45.8%
Debt to equity ratio
US$635.15m
Debt
| Interest coverage ratio | -170.6x |
| Cash | US$301.66m |
| Equity | US$1.39b |
| Total liabilities | US$850.63m |
| Total assets | US$2.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 37H's short term assets ($419.3M) exceed its short term liabilities ($255.5M).
Long Term Liabilities: 37H's short term assets ($419.3M) do not cover its long term liabilities ($595.1M).
Debt to Equity History and Analysis
Debt Level: 37H's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: 37H's debt to equity ratio has reduced from 251.4% to 45.8% over the past 5 years.
Debt Coverage: 37H's debt is well covered by operating cash flow (67.7%).
Interest Coverage: 37H earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 14:15 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Global Ship Lease, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Liam Burke | B. Riley Securities, Inc. |
| Øystein Vaagen | Fearnley Securities |
| Fredrik Dybwad | Fearnley Securities |