Gladstone Land Balance Sheet Health
Financial Health criteria checks 4/6
Gladstone Land has a total shareholder equity of $719.6M and total debt of $633.6M, which brings its debt-to-equity ratio to 88.1%. Its total assets and total liabilities are $1.4B and $667.7M respectively. Gladstone Land's EBIT is $33.4M making its interest coverage ratio 1.5. It has cash and short-term investments of $25.9M.
Key information
88.1%
Debt to equity ratio
US$633.63m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$25.94m |
| Equity | US$719.61m |
| Total liabilities | US$667.71m |
| Total assets | US$1.39b |
Recent financial health updates
No updates
Recent updates
Gladstone Land: Speculating On A 7.4% Yield To Mandatory Call On Preferreds
Mar 30Gladstone Land: Recent Real Estate Transaction Validates Portfolio Value
Feb 06Gladstone Land goes ex-dividend tomorrow
Oct 19Gladstone Land Has Become Interesting Again
Oct 13Gladstone Land reduces series C preferred stock offering to $255M
Aug 24Gladstone Land: Growth Slowing, Debt Load Rising
Aug 12Gladstone Land acquires vineyards in Washington, Oregon for $37.3M
Jul 25Gladstone Land raises dividend 0.4% to $0.0456 dividend
Jul 18Gladstone Land: Current Valuation Is A Downside Risk
Jun 02Gladstone Land: High Premium To NAV Limits Upside And Introduces Downside Risk
Jan 31Gladstone Land: Not Your Typical REIT
Jan 08Gladstone Land acquires Blueberry Orchard in New Jersey
Jun 07What Type Of Shareholders Make Up Gladstone Land Corporation's (NASDAQ:LAND) Share Registry?
Mar 17
Financial Position Analysis
Short Term Liabilities: LAND's short term assets ($25.9M) exceed its short term liabilities ($14.3M).
Long Term Liabilities: LAND's short term assets ($25.9M) do not cover its long term liabilities ($653.4M).
Debt to Equity History and Analysis
Debt Level: LAND's net debt to equity ratio (84.4%) is considered high.
Reducing Debt: LAND's debt to equity ratio has reduced from 201.1% to 88.1% 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 LAND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LAND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.9% per year.