Global Partners Balance Sheet Health
Financial Health criteria checks 3/6
Global Partners has a total shareholder equity of $800.7M and total debt of $1.3B, which brings its debt-to-equity ratio to 159.6%. Its total assets and total liabilities are $3.4B and $2.6B respectively. Global Partners's EBIT is $241.1M making its interest coverage ratio 2.8. It has cash and short-term investments of $19.6M.
Key information
159.6%
Debt to equity ratio
US$1.28b
Debt
Interest coverage ratio | 2.8x |
Cash | US$19.64m |
Equity | US$800.66m |
Total liabilities | US$2.65b |
Total assets | US$3.45b |
Recent financial health updates
No updates
Recent updates
Global Partners LP: 9 Straight Dividend Hikes, 6%-Plus Yield
Mar 31Global Partners: Consider Long-Term Trends
Jan 11Global Partners: Preferreds Up To 12% Yield, Is It Worth The Risk?
Dec 12Global Partners LP: Gas Fuels The Potential For Future Distribution Increases
Aug 14Global Partners: The 8.7% Yielding Stock, 7.0% Senior Notes Great For Income
Jun 02Global Partners Q4 Earnings Preview
Feb 24Global Partners declares $0.635 dividend, special distribution of $0.9375
Jan 25Global Partners LP: 8.2% And Sitting In The Cat-Bird Seat
Dec 08Global Partners Q3 Earnings Preview
Nov 03Global Partners raises dividend by 3.3% to $0.625
Oct 25Global Partners: 9.88% Dividend Yield And Acquisition Of Tidewater Convenience
Sep 27Global Partners Q2 Earnings Preview
Aug 04Global Partners declares $0.605 dividend
Jul 26Global Partners: 10% Dividend Oil Stock To Fuel Your Portfolio
Jul 14Your Global Partners Dividend Investment May Not Be As Safe As You Think
Mar 25Global Partners LP: 9% Yield, Strong Q3 Earnings, Estimates Rising
Jan 09Global Partners LP: 11% Yield, Pullback Buying Opportunity
Sep 17The Flash Crash Of Global Partners Shares
Aug 11Global Partners EPS misses by $0.15, misses on revenue
May 07Global Partners raises dividend by ~5%
Apr 26Financial Position Analysis
Short Term Liabilities: GLP's short term assets ($1.1B) exceed its short term liabilities ($982.8M).
Long Term Liabilities: GLP's short term assets ($1.1B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GLP's net debt to equity ratio (157.2%) is considered high.
Reducing Debt: GLP's debt to equity ratio has reduced from 258% to 159.6% over the past 5 years.
Debt Coverage: GLP's debt is well covered by operating cash flow (40.1%).
Interest Coverage: GLP's interest payments on its debt are not well covered by EBIT (2.8x coverage).