Global Partners Balance Sheet Health
Financial Health criteria checks 2/6
Global Partners has a total shareholder equity of $705.6M and total debt of $1.8B, which brings its debt-to-equity ratio to 255.6%. Its total assets and total liabilities are $3.8B and $3.1B respectively. Global Partners's EBIT is $235.1M making its interest coverage ratio 2.2. It has cash and short-term investments of $14.1M.
Key information
255.6%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$14.11m |
| Equity | US$705.58m |
| Total liabilities | US$3.12b |
| Total assets | US$3.83b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLP.PRB's short term assets ($1.3B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: GLP.PRB's short term assets ($1.3B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: GLP.PRB's net debt to equity ratio (253.6%) is considered high.
Reducing Debt: GLP.PRB's debt to equity ratio has reduced from 284.7% to 255.6% over the past 5 years.
Debt Coverage: GLP.PRB's debt is not well covered by operating cash flow (6%).
Interest Coverage: GLP.PRB's interest payments on its debt are not well covered by EBIT (2.2x coverage).