Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Commercial has a total shareholder equity of $318.3M and total debt of $719.4M, which brings its debt-to-equity ratio to 226%. Its total assets and total liabilities are $1.1B and $786.9M respectively. Gladstone Commercial's EBIT is $51.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $22.2M.
Key information
226.0%
Debt to equity ratio
US$719.40m
Debt
Interest coverage ratio | 1.4x |
Cash | US$22.15m |
Equity | US$318.29m |
Total liabilities | US$786.86m |
Total assets | US$1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IVQ's short term assets ($92.2M) exceed its short term liabilities ($32.5M).
Long Term Liabilities: 0IVQ's short term assets ($92.2M) do not cover its long term liabilities ($754.4M).
Debt to Equity History and Analysis
Debt Level: 0IVQ's net debt to equity ratio (219.1%) is considered high.
Reducing Debt: 0IVQ's debt to equity ratio has increased from 160.8% to 226% 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 0IVQ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0IVQ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.5% per year.