Global Partners Balance Sheet Health
Financial Health criteria checks 2/6
Global Partners has a total shareholder equity of $723.3M and total debt of $1.7B, which brings its debt-to-equity ratio to 237.5%. Its total assets and total liabilities are $3.7B and $2.9B respectively. Global Partners's EBIT is $264.2M making its interest coverage ratio 2.2. It has cash and short-term investments of $20.6M.
Key information
237.5%
Debt to equity ratio
US$1.72b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$20.57m |
| Equity | US$723.32m |
| Total liabilities | US$2.94b |
| Total assets | US$3.67b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLP.PRB's short term assets ($1.1B) exceed its short term liabilities ($983.3M).
Long Term Liabilities: GLP.PRB's short term assets ($1.1B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: GLP.PRB's net debt to equity ratio (234.6%) is considered high.
Reducing Debt: GLP.PRB's debt to equity ratio has reduced from 267.7% to 237.5% over the past 5 years.
Debt Coverage: GLP.PRB's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: GLP.PRB's interest payments on its debt are not well covered by EBIT (2.2x coverage).