Globe Life Balance Sheet Health
Financial Health criteria checks 2/6
Globe Life has a total shareholder equity of $4.6B and total debt of $3.1B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are $29.6B and $24.9B respectively. Globe Life's EBIT is $1.5B making its interest coverage ratio 12.6. It has cash and short-term investments of $235.1M.
Key information
67.5%
Debt to equity ratio
US$3.13b
Debt
| Interest coverage ratio | 12.6x |
| Cash | US$235.05m |
| Equity | US$4.64b |
| Total liabilities | US$24.92b |
| Total assets | US$29.56b |
Recent financial health updates
No updates
Recent updates
Globe Life: Boring, Which Is Good As A Policyholder-But Not As An Investor
Sep 13Market Cool On Globe Life Inc.'s (NYSE:GL) Earnings
Aug 16
Globe Life: A Small Bet That The Recent Controversy Will Blow Over
Jun 24Globe Life Inc. (NYSE:GL) Might Not Be As Mispriced As It Looks After Plunging 33%
Apr 30Globe Life: Betting On A Bounce To $80
Apr 15Globe Life (NYSE:GL) Is Increasing Its Dividend To $0.24
Mar 22Here's Why We Think Globe Life (NYSE:GL) Is Well Worth Watching
Feb 09It's A Story Of Risk Vs Reward With Globe Life Inc. (NYSE:GL)
Dec 25Do Not Take Your Profits On Globe Life, Even At Its All-Time Highs
Nov 23Globe Life: Lacking An Appealing Entry Price
Sep 12Globe Life Has Become Undervalued Again
Jun 15Globe Life raises dividend by ~8% to $0.225/share
Feb 23Globe Life Q4 2022 Earnings Preview
Jan 31Globe Life: High Excess Claims Lie Ahead
Jan 25Globe Life Remains Reasonably Valued, Even At Its All-Time High
Jan 05Globe Life declares $0.2075 dividend
Dec 13Globe Life co-CEOs Coleman, Hutchison to step down
Oct 26Globe Life Has Reached My Target Price But Remains Reasonably Valued
Oct 20Globe Life: A Stock To Hold For The Rest Of Your Life
Aug 10Globe Life Q2 2022 Earnings Preview
Jul 26Financial Position Analysis
Short Term Liabilities: GL's short term assets ($1.2B) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: GL's short term assets ($1.2B) do not cover its long term liabilities ($23.1B).
Debt to Equity History and Analysis
Debt Level: GL's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: GL's debt to equity ratio has increased from 21.7% to 67.5% over the past 5 years.
Debt Coverage: GL's debt is well covered by operating cash flow (46.5%).
Interest Coverage: GL's interest payments on its debt are well covered by EBIT (12.6x coverage).