Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Commercial has a total shareholder equity of $315.9M and total debt of $722.6M, which brings its debt-to-equity ratio to 228.8%. Its total assets and total liabilities are $1.1B and $789.7M respectively. Gladstone Commercial's EBIT is $51.1M making its interest coverage ratio 1.3. It has cash and short-term investments of $22.6M.
Key information
228.8%
Debt to equity ratio
US$722.55m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$22.56m |
| Equity | US$315.86m |
| Total liabilities | US$789.68m |
| Total assets | US$1.11b |
Recent financial health updates
No updates
Recent updates
Gladstone 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 29Gladstone Commercial declares $0.1254 dividend
Oct 11Gladstone Commercial's portfolio occupancy steady at 96.9% in September
Oct 05Gladstone Commercial acquires 2 industrial assets for $13.6M
Sep 22Gladstone Commercial sells New Jersey office building
Aug 29Gladstone Commercial upsizes credit agreement by $155M
Aug 18Financial Position Analysis
Short Term Liabilities: GOOD's short term assets ($79.2M) exceed its short term liabilities ($25.4M).
Long Term Liabilities: GOOD's short term assets ($79.2M) do not cover its long term liabilities ($764.3M).
Debt to Equity History and Analysis
Debt Level: GOOD's net debt to equity ratio (221.6%) is considered high.
Reducing Debt: GOOD's debt to equity ratio has increased from 165.3% to 228.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GOOD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GOOD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 2.4% per year.