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
Market Cool On Globe Life Inc.'s (NYSE:GL) Earnings
Dec 01
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 16Globe 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:20 |
| End of Day Share Price | 2024/12/19 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
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 .
Analyst Sources
Globe Life Inc. is covered by 30 analysts. 8 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 |
|---|---|
| Jay Gelb | Barclays |
| Ian Ryave | BofA Global Research |
| Catherine Seifert | CFRA Equity Research |