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
Global Medical REIT Offers A 9.3% Dividend Yield And 7.6% On The Preferreds
Mar 09Global Medical REIT: Nothing Promising After Q4 Results, Still A Hold
Feb 29Global Medical REIT: Patient In Stable Condition, Risk Priced In
Feb 02Global Medical REIT: A Hold Despite Improving Performance
Nov 21Global Medical: 7.7% Yielding Preferreds Are Expensive, A Look At Alternatives
Oct 16Global Medical REIT: Revisiting Dividend Assumption After Q2 Results
Sep 10Global Medical REIT: Higher For Longer Scenarios Will Stress The REIT
Aug 04Global Medical: The 9.5% Yield Appears Covered Despite Pressure From Interest Rates
Jun 29If EPS Growth Is Important To You, Global Medical REIT (NYSE:GMRE) Presents An Opportunity
Mar 13
Global Medical REIT: A Strong Buy At Attractive Valuations And 7.8% Dividend Yield
Jan 27Global Medical REIT: Brace For A Hawkish Fed
Dec 25Global Medical REIT GAAP EPS of $0.12
Nov 02Global Medical REIT: Passive Income Machine With Safe 10.8% Yield
Oct 21Global Medical REIT stock drops after BMO downgrades on elevated leverage
Oct 06Global Medical REIT Now Has A 9% Recession Resistant Yield
Sep 28Global Medical REIT declares $0.21 dividend
Sep 09Global Medical REIT: Significant Upside Potential, Along With A High Yielding Dividend
Aug 18Global Medical REIT: Market Dislocation From First To Worst, Opportunity Refreshed
Jun 29Global Medical REIT: Another Solid Quarter From This Growing Healthcare REIT
May 17Global Medical REIT: A Breakdown Of My Favorite Healthcare REIT
Mar 03Global Medical REIT: Success Like This Draws A Crowd
Dec 29Global Medical REIT And Medical Properties Are Clear Winners In The Mispriced Healthcare Sector
Oct 20Financial Position Analysis
Short Term Liabilities: GMRE's short term assets ($67.6M) exceed its short term liabilities ($30.0M).
Long Term Liabilities: GMRE's short term assets ($67.6M) do not cover its long term liabilities ($631.9M).
Debt to Equity History and Analysis
Debt Level: GMRE's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: GMRE's debt to equity ratio has reduced from 106.3% to 100.9% over the past 5 years.
Debt Coverage: GMRE's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: GMRE's interest payments on its debt are not well covered by EBIT (1.2x coverage).