Greenlight Capital Re, Ltd.

NasdaqGS:GLRE Stock Report

Market Cap: US$462.6m

Greenlight Capital Re Balance Sheet Health

Financial Health criteria checks 6/6

Greenlight Capital Re has a total shareholder equity of $663.4M and total debt of $62.6M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are $2.0B and $1.3B respectively. Greenlight Capital Re's EBIT is $98.8M making its interest coverage ratio 8. It has cash and short-term investments of $54.6M.

Key information

9.4%

Debt to equity ratio

US$62.58m

Debt

Interest coverage ratio8x
CashUS$54.64m
EquityUS$663.42m
Total liabilitiesUS$1.34b
Total assetsUS$2.00b

Recent financial health updates

No updates

Recent updates

Greenlight Capital Q4 2024 Letter

Jan 23

Tracking David Einhorn's Greenlight Capital Portfolio - Q3 2024 Update

Dec 06

Revisiting Greenlight Capital Re: Still A 'Hold' For Me

Nov 20

Greenlight Capital Q3 2024 Letter

Oct 17

Tracking David Einhorn's Greenlight Capital Portfolio - Q2 2024 Update

Sep 05

Greenlight Capital Q2 2024 Letter

Aug 23

Tracking David Einhorn's Greenlight Capital Portfolio - Q1 2024 Update

Jun 07

Tracking David Einhorn's Greenlight Capital Portfolio - Q4 2023 Update

Mar 05

Greenlight Capital Q4 2023 Letter

Jan 24

If EPS Growth Is Important To You, Greenlight Capital Re (NASDAQ:GLRE) Presents An Opportunity

May 17
If EPS Growth Is Important To You, Greenlight Capital Re (NASDAQ:GLRE) Presents An Opportunity

Greenlight Capital Re invests in short-term rental insurance startup SafelyStay

Oct 18

Tracking David Einhorn's Greenlight Capital Portfolio - Q2 2022 Update

Oct 10

Greenlight Capital Re: Re-Analyzing David Einhorn's Investment Vehicle

Aug 12

Greenlight Capital Q1 2022 Letter

Jun 02

Tracking David Einhorn's Greenlight Capital Portfolio - Q1 2022 Update

May 19

Tracking David Einhorn's Greenlight Capital Portfolio - Q4 2021 Update

Feb 28

Tracking David Einhorn's Portfolio - Q3 2021 Update

Nov 18

Tracking David Einhorn's Portfolio - Q2 2021 Update

Sep 07

Greenlight Re: Investing With David Einhorn Or Not

Jun 28

Tracking David Einhorn's Portfolio - Q1 2021 Update

Jun 08

Greenlight Capital Re's (NASDAQ:GLRE) Stock Price Has Reduced 63% In The Past Five Years

Mar 07
Greenlight Capital Re's (NASDAQ:GLRE) Stock Price Has Reduced 63% In The Past Five Years

Did Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Insiders Sell Shares?

Jan 31
Did Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Insiders Sell Shares?

A Look At Greenlight Capital Re's (NASDAQ:GLRE) CEO Remuneration

Dec 27
A Look At Greenlight Capital Re's (NASDAQ:GLRE) CEO Remuneration

Greenlight Capital Re's (NASDAQ:GLRE) Stock Price Has Reduced 66% In The Past Three Years

Dec 01
Greenlight Capital Re's (NASDAQ:GLRE) Stock Price Has Reduced 66% In The Past Three Years

Greenlight Capital Re forms marketing company boost presence in London market

Nov 24

Tracking David Einhorn's Portfolio - Q3 2020 Update

Nov 18

Financial Position Analysis

Short Term Liabilities: GLRE's short term assets ($1.4B) exceed its short term liabilities ($842.9M).

Long Term Liabilities: GLRE's short term assets ($1.4B) exceed its long term liabilities ($495.3M).

Debt to Equity History and Analysis

Debt Level: GLRE's net debt to equity ratio (1.2%) is considered satisfactory.

Reducing Debt: GLRE's debt to equity ratio has reduced from 18.1% to 9.4% over the past 5 years.

Debt Coverage: GLRE's debt is well covered by operating cash flow (166.4%).

Interest Coverage: GLRE's interest payments on its debt are well covered by EBIT (8x coverage).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/12 11:34
End of Day Share Price 2025/02/12 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

Greenlight Capital Re, Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Thomas GallagherCredit Suisse
Brett ShirreffsKeefe, Bruyette, & Woods