Global Ship Lease Balance Sheet Health
Financial Health criteria checks 4/6
Global Ship Lease has a total shareholder equity of $1.2B and total debt of $705.2M, which brings its debt-to-equity ratio to 59.5%. Its total assets and total liabilities are $2.2B and $987.4M respectively. Global Ship Lease's EBIT is $362.0M making its interest coverage ratio 47.2. It has cash and short-term investments of $177.3M.
Key information
59.5%
Debt to equity ratio
US$705.18m
Debt
Interest coverage ratio | 47.2x |
Cash | US$177.28m |
Equity | US$1.18b |
Total liabilities | US$987.39m |
Total assets | US$2.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GSL.PRB's short term assets ($295.7M) exceed its short term liabilities ($280.4M).
Long Term Liabilities: GSL.PRB's short term assets ($295.7M) do not cover its long term liabilities ($707.0M).
Debt to Equity History and Analysis
Debt Level: GSL.PRB's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: GSL.PRB's debt to equity ratio has reduced from 277.3% to 59.5% over the past 5 years.
Debt Coverage: GSL.PRB's debt is well covered by operating cash flow (53.2%).
Interest Coverage: GSL.PRB's interest payments on its debt are well covered by EBIT (47.2x coverage).