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
Global Partners LP: Slightly Speculative For Income Investors
Aug 11GLP: Attractive Yield And Business If Traditional Energy Production Increases
Jul 30Global 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 17Financial Position Analysis
Short Term Liabilities: GLP's short term assets ($1.1B) exceed its short term liabilities ($983.3M).
Long Term Liabilities: GLP's short term assets ($1.1B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: GLP's net debt to equity ratio (234.6%) is considered high.
Reducing Debt: GLP's debt to equity ratio has reduced from 267.7% to 237.5% over the past 5 years.
Debt Coverage: GLP's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: GLP's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 12:21 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Global Partners LP is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Gross | Barclays |
| Gabriel Moreen | BofA Global Research |
| Michael Gyure | Janney Montgomery Scott LLC |