Gladstone Commercial Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Commercial has a total shareholder equity of $324.3M and total debt of $739.5M, which brings its debt-to-equity ratio to 228%. Its total assets and total liabilities are $1.1B and $809.2M respectively. Gladstone Commercial's EBIT is $50.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $18.9M.
Key information
228.0%
Debt to equity ratio
US$739.53m
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$18.89m |
| Equity | US$324.31m |
| Total liabilities | US$809.16m |
| Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Gladstone 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 18Gladstone acquires $32.5M industrial portfolio
Aug 08Gladstone Commercial: A 7.8% Tax Advantaged Yield
Jul 28Gladstone Commercial names EJ Wislar as chief investment officer
Jul 13Gladstone Commercial: My Calculations Imply Rising Rates Will Show It Is Swimming Naked
Jul 01Gladstone Commercial: Buy This 7.8% Yielding Trust
May 16Gladstone Commercial: 7.4% Yield, Good Things Come To Those Who Wait
May 08Gladstone Commercial: Add This 7% Yielder To Your Retirement Portfolio
Feb 17Financial Position Analysis
Short Term Liabilities: GOOD's short term assets ($101.8M) exceed its short term liabilities ($43.1M).
Long Term Liabilities: GOOD's short term assets ($101.8M) do not cover its long term liabilities ($766.1M).
Debt to Equity History and Analysis
Debt Level: GOOD's net debt to equity ratio (222.2%) is considered high.
Reducing Debt: GOOD's debt to equity ratio has increased from 166.6% to 228% 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 4.7% per year.