Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 1/6
Gladstone Commercial has a total shareholder equity of $339.1M and total debt of $694.8M, which brings its debt-to-equity ratio to 204.9%. Its total assets and total liabilities are $1.1B and $757.2M respectively. Gladstone Commercial's EBIT is $52.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $14.4M.
Key information
204.9%
Debt to equity ratio
US$694.83m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$14.39m |
| Equity | US$339.09m |
| Total liabilities | US$757.23m |
| Total assets | US$1.10b |
Recent financial health updates
No updates
Recent updates
Gladstone Commercial: I'm Picking Up Monthly Income With The Preferreds
Nov 15Gladstone Commercial: 8% Yield, 83% Pay-Out Ratio, Strategic Portfolio Shift
Aug 17Gladstone Commercial's 8% Yield Is Available At A Steal
Jun 06Gladstone Commercial: A Long-Term Hold For Monthly Income
Apr 10Gladstone Commercial: Cash Flow And FFO Diverge
Mar 20Gladstone Commercial: 9.5% Yield, 83% Pay-Out Ratio, 100% Rent Collection
Mar 06Gladstone Commercial: Glad To Pick Up The Series E
Feb 052 Reasons To Pass On Gladstone Commercial And Buy A Better REIT
Jan 29Financial Position Analysis
Short Term Liabilities: GOOD's short term assets ($86.0M) exceed its short term liabilities ($23.6M).
Long Term Liabilities: GOOD's short term assets ($86.0M) do not cover its long term liabilities ($733.6M).
Debt to Equity History and Analysis
Debt Level: GOOD's net debt to equity ratio (200.7%) is considered high.
Reducing Debt: GOOD's debt to equity ratio has increased from 172.3% to 204.9% over the past 5 years.
Debt Coverage: GOOD's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: GOOD's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:26 |
| End of Day Share Price | 2024/12/20 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
Gladstone Commercial Corporation is covered by 14 analysts. 5 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 |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| Christopher Lucas | Baird |
| Merrill Ross | Boenning & Scattergood, Inc. |