Global Medical REIT Balance Sheet Health
Financial Health criteria checks 2/6
Global Medical REIT has a total shareholder equity of $605.8M and total debt of $611.2M, which brings its debt-to-equity ratio to 100.9%. Its total assets and total liabilities are $1.3B and $661.9M respectively. Global Medical REIT's EBIT is $37.9M making its interest coverage ratio 1.2. It has cash and short-term investments of $26.4M.
Key information
100.9%
Debt to equity ratio
US$611.23m
Debt
Interest coverage ratio | 1.2x |
Cash | US$26.40m |
Equity | US$605.81m |
Total liabilities | US$661.89m |
Total assets | US$1.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMRE.PRA's short term assets ($67.6M) exceed its short term liabilities ($30.0M).
Long Term Liabilities: GMRE.PRA's short term assets ($67.6M) do not cover its long term liabilities ($631.9M).
Debt to Equity History and Analysis
Debt Level: GMRE.PRA's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: GMRE.PRA's debt to equity ratio has reduced from 106.3% to 100.9% over the past 5 years.
Debt Coverage: GMRE.PRA's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: GMRE.PRA's interest payments on its debt are not well covered by EBIT (1.2x coverage).