Gladstone Land Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Land has a total shareholder equity of $691.2M and total debt of $590.5M, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are $1.3B and $626.7M respectively. Gladstone Land's EBIT is $32.8M making its interest coverage ratio 1.5. It has cash and short-term investments of $19.0M.
Key information
85.4%
Debt to equity ratio
US$590.51m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$18.99m |
| Equity | US$691.20m |
| Total liabilities | US$626.73m |
| Total assets | US$1.32b |
Recent financial health updates
No updates
Recent updates
Gladstone Land: A Record 5% Dividend Yield From U.S. Farmland
Dec 18Gladstone Land: I'm Sticking With The Preferred Shares
Nov 24Gladstone Land Offers A 6.65-7% Yield (To Maturity) On Its Preferred Equity
Jul 20Gladstone Land: Solid Fundamentals Masked By Macro Challenges
Jun 14Gladstone 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 08Financial Position Analysis
Short Term Liabilities: LAND's short term assets ($19.0M) do not cover its short term liabilities ($24.3M).
Long Term Liabilities: LAND's short term assets ($19.0M) do not cover its long term liabilities ($602.4M).
Debt to Equity History and Analysis
Debt Level: LAND's net debt to equity ratio (82.7%) is considered high.
Reducing Debt: LAND's debt to equity ratio has reduced from 189.8% to 85.4% 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 20% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 14:38 |
| End of Day Share Price | 2025/01/03 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 Land Corporation is covered by 15 analysts. 7 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 |
| Nathan Crossett | Berenberg |
| John Massocca | B. Riley Securities, Inc. |