Global Net Lease Balance Sheet Health

Financial Health criteria checks 3/6

Global Net Lease has a total shareholder equity of $2.3B and total debt of $4.8B, which brings its debt-to-equity ratio to 209.1%. Its total assets and total liabilities are $7.3B and $5.1B respectively. Global Net Lease's EBIT is $226.5M making its interest coverage ratio 0.7. It has cash and short-term investments of $127.2M.

Key information

209.1%

Debt to equity ratio

US$4.76b

Debt

Interest coverage ratio0.7x
CashUS$127.25m
EquityUS$2.28b
Total liabilitiesUS$5.06b
Total assetsUS$7.34b

Recent financial health updates

No updates

Recent updates

Global Net Lease: The New Dividend Already Looks In Trouble

Aug 18

Global Net Lease: Rising Occupancy And Levered Capital Structure To Drive Outperformance

Aug 08

Global Net Lease: Avoid Potential Income Trap With 8.5%+ Yielding Preferred Shares

May 21

Global Net Lease: Declining Dividends And AFFO Per Share Impact Common Shares

Apr 18

Global Net Lease: Even The Preferreds Look Risky

Mar 24

Global Net Lease: 15.66% On Common Or 8.50% On Preferreds?

Jan 18

Why Global Net Lease Should Be Avoided And What To Buy Instead

Jan 02

Global Net Lease: Deep Value But Dividend Could Be At Risk

Nov 13

Global Net Lease: A More Diversified 15.6% Common Equity Dividend

Oct 04

Global Net Lease: At Risk Of A Dividend Cut

Aug 01

Necessity Retail REIT: Should You Get Out Of The Commons Before Merger With Global Net Lease?

Jul 18

Global Net Lease: Uncertain, Even With The Necessity Retail Merger

May 24

Global Net Lease Q4 Earnings Preview

Feb 22

Global Net Lease acquires eight properties in UK for $75M

Jan 19

13% Dividend Yield For Suckers At Global Net Lease

Nov 01

Global Net Lease adds over 100K occupied square feet to its portfolio in Q3

Oct 12

Global Net Lease declares $0.40 dividend

Oct 03

Global Net Lease Is A Mousetrap, Don't Take The Cheese

Jul 28

Global Net Lease declares $0.40 dividend

Jul 01

Global Net Lease: Invest For High Yield, But Understand The Underlying Risk

May 19

Financial Position Analysis

Short Term Liabilities: GNL's short term assets ($420.3M) exceed its short term liabilities ($121.1M).

Long Term Liabilities: GNL's short term assets ($420.3M) do not cover its long term liabilities ($4.9B).


Debt to Equity History and Analysis

Debt Level: GNL's net debt to equity ratio (203.5%) is considered high.

Reducing Debt: GNL's debt to equity ratio has increased from 115% to 209.1% 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 GNL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GNL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.9% per year.


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