Global Partners Balance Sheet Health
Financial Health criteria checks 3/6
Global Partners has a total shareholder equity of $764.0M and total debt of $1.5B, which brings its debt-to-equity ratio to 202.6%. Its total assets and total liabilities are $3.5B and $2.7B respectively. Global Partners's EBIT is $215.1M making its interest coverage ratio 2.3. It has cash and short-term investments of $72.8M.
Key information
202.6%
Debt to equity ratio
US$1.55b
Debt
Interest coverage ratio | 2.3x |
Cash | US$72.82m |
Equity | US$764.00m |
Total liabilities | US$2.70b |
Total assets | US$3.47b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLP.PRB's short term assets ($1.2B) exceed its short term liabilities ($986.0M).
Long Term Liabilities: GLP.PRB's short term assets ($1.2B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GLP.PRB's net debt to equity ratio (193.1%) is considered high.
Reducing Debt: GLP.PRB's debt to equity ratio has reduced from 286.3% to 202.6% over the past 5 years.
Debt Coverage: GLP.PRB's debt is well covered by operating cash flow (22.5%).
Interest Coverage: GLP.PRB's interest payments on its debt are not well covered by EBIT (2.3x coverage).