Global Ship Lease Balance Sheet Health
Financial Health criteria checks 5/6
Global Ship Lease has a total shareholder equity of $1.4B and total debt of $635.1M, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are $2.2B and $850.6M respectively. Global Ship Lease's EBIT is $380.8M making its interest coverage ratio -170.6. It has cash and short-term investments of $301.7M.
Key information
45.8%
Debt to equity ratio
US$635.15m
Debt
| Interest coverage ratio | -170.6x |
| Cash | US$301.66m |
| Equity | US$1.39b |
| Total liabilities | US$850.63m |
| Total assets | US$2.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GSL.PRB's short term assets ($419.3M) exceed its short term liabilities ($255.5M).
Long Term Liabilities: GSL.PRB's short term assets ($419.3M) do not cover its long term liabilities ($595.1M).
Debt to Equity History and Analysis
Debt Level: GSL.PRB's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: GSL.PRB's debt to equity ratio has reduced from 251.4% to 45.8% over the past 5 years.
Debt Coverage: GSL.PRB's debt is well covered by operating cash flow (67.7%).
Interest Coverage: GSL.PRB earns more interest than it pays, so coverage of interest payments is not a concern.