Global Net Lease Balance Sheet Health
Financial Health criteria checks 2/6
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 209.7%. 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 $128.1M.
Key information
209.7%
Debt to equity ratio
US$4.77b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$128.10m |
| Equity | US$2.28b |
| Total liabilities | US$5.06b |
| Total assets | US$7.34b |
Recent financial health updates
No updates
Recent updates
Global Net Lease: The New Dividend Already Looks In Trouble
Aug 18Global Net Lease: Rising Occupancy And Levered Capital Structure To Drive Outperformance
Aug 08Global Net Lease: Avoid Potential Income Trap With 8.5%+ Yielding Preferred Shares
May 21Global Net Lease: Declining Dividends And AFFO Per Share Impact Common Shares
Apr 18Global Net Lease: Even The Preferreds Look Risky
Mar 24Global Net Lease: 15.66% On Common Or 8.50% On Preferreds?
Jan 18Why Global Net Lease Should Be Avoided And What To Buy Instead
Jan 02Global Net Lease: Deep Value But Dividend Could Be At Risk
Nov 13Global Net Lease: A More Diversified 15.6% Common Equity Dividend
Oct 04Global Net Lease: At Risk Of A Dividend Cut
Aug 01Necessity Retail REIT: Should You Get Out Of The Commons Before Merger With Global Net Lease?
Jul 18Global Net Lease: Uncertain, Even With The Necessity Retail Merger
May 24Global Net Lease Q4 Earnings Preview
Feb 22Global Net Lease acquires eight properties in UK for $75M
Jan 1913% Dividend Yield For Suckers At Global Net Lease
Nov 01Global Net Lease adds over 100K occupied square feet to its portfolio in Q3
Oct 12Global Net Lease declares $0.40 dividend
Oct 03Global Net Lease Is A Mousetrap, Don't Take The Cheese
Jul 28Global Net Lease declares $0.40 dividend
Jul 01Global Net Lease: Invest For High Yield, But Understand The Underlying Risk
May 19Financial Position Analysis
Short Term Liabilities: GNL's short term assets ($420.3M) do not cover its short term liabilities ($462.2M).
Long Term Liabilities: GNL's short term assets ($420.3M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: GNL's net debt to equity ratio (204.1%) is considered high.
Reducing Debt: GNL's debt to equity ratio has increased from 115% to 209.7% 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:54 |
| End of Day Share Price | 2024/12/24 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Global Net Lease, Inc. is covered by 14 analysts. 8 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 |
|---|---|
| Nathan Crossett | Berenberg |
| John Kim | BMO Capital Markets Equity Research |
| Nathan Crossett | BNP Paribas Exane |