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
Is Global Ship Lease (NYSE:GSL) A Risky Investment?
Jun 08
Does Global Ship Lease (NYSE:GSL) Have A Healthy Balance Sheet?
Jul 23Global Ship Lease (NYSE:GSL) Takes On Some Risk With Its Use Of Debt
Apr 19Here's Why Global Ship Lease (NYSE:GSL) Has A Meaningful Debt Burden
Jan 05Is Global Ship Lease (NYSE:GSL) Using Too Much Debt?
Oct 06Recent updates
Global Ship Lease Stock Looks Good, But I Have Some Concerns (Rating Downgrade)
Apr 18Global Ship Lease: Predictable 7% Dividend, But Aging Fleet Is A Concern
Mar 25Global Ship Lease: Time To Sell The Preferreds (And Buy The Common Shares)
Mar 12Global Ship Lease's (NYSE:GSL) Returns On Capital Are Heading Higher
Mar 05Global Ship Lease (NYSE:GSL) Is Due To Pay A Dividend Of $0.375
Feb 16Global Ship Lease: Is 7% Dividend Yield Worth Given Cyclical Industry?
Feb 14Global Ship Lease: Red Sea Crisis Unlikely To Significantly Boost Profits
Jan 28Global Ship Lease: Very Undervalued, 7% Yield, Low Leverage
Jan 07Global Ship Lease's (NYSE:GSL) Dividend Will Be $0.375
Nov 12Global Ship Lease: 8% Yield, Very Undervalued, Buy Rating
Oct 06Global Ship Lease: Dirt Cheap For Locked In Revenues
Aug 25Global Ship Lease (NYSE:GSL) Has Announced A Dividend Of $0.375
Aug 13Global Ship Lease Stock Is Still A Good-Looking Dividend Buy
Aug 12Global Ship Lease: The 8.7% Preferred Dividend Is Well-Covered
Jul 22Is Global Ship Lease (NYSE:GSL) A Risky Investment?
Jun 08Global Ship Lease: Stock Offers 8% Yield, Undervalued, 97% Chartered In 2023
Jun 02Global Ship Lease (NYSE:GSL) Is Due To Pay A Dividend Of $0.375
May 16Is There An Opportunity With Global Ship Lease, Inc.'s (NYSE:GSL) 42% Undervaluation?
Mar 14Global Ship Lease (NYSE:GSL) Shareholders Will Want The ROCE Trajectory To Continue
Feb 28At US$19.37, Is Global Ship Lease, Inc. (NYSE:GSL) Worth Looking At Closely?
Feb 06Global Ship Lease: Undervalued, Well-Covered 8% Yield, Long-Term Charters
Jan 22Global Ship Lease: This Massive 9% Yield Is A Buy
Dec 08Global Ship Lease: Trends Point To Shares Being Undervalued
Nov 15Global Ship Lease Q3 2022 Earnings Preview
Nov 08Global Ship Lease: 9% Yield, Strong Earnings, Undervalued
Oct 28Global Ship Lease: Pummeled By Recession Fears For Strong Buyers To Accumulate
Oct 10Global Ship Lease's 9.5% Yield + Its Preferred's 8.7% Yield = The Ultimate Upside/Income Combo
Sep 26Global Ship Lease: Lopsided Risk-Reward
Sep 06Global Ship Lease announces forward charter agreements
Aug 30Global Ship Lease (NYSE:GSL) Is Looking To Continue Growing Its Returns On Capital
Aug 28Is Now The Time To Look At Buying Global Ship Lease, Inc. (NYSE:GSL)?
Aug 12Global Ship Lease declares $0.375 dividend
Aug 04Does Global Ship Lease (NYSE:GSL) Have A Healthy Balance Sheet?
Jul 23Global Ship Lease (NYSE:GSL) Will Pay A Larger Dividend Than Last Year At US$0.38
May 15If You Like EPS Growth Then Check Out Global Ship Lease (NYSE:GSL) Before It's Too Late
May 04Global Ship Lease (NYSE:GSL) Takes On Some Risk With Its Use Of Debt
Apr 19Return Trends At Global Ship Lease (NYSE:GSL) Aren't Appealing
Mar 03What Does Global Ship Lease, Inc.'s (NYSE:GSL) Share Price Indicate?
Jan 18Here's Why Global Ship Lease (NYSE:GSL) Has A Meaningful Debt Burden
Jan 05Global Ship Lease: Great Upside Seasoned With A 7% Dividend Yield
Dec 13The Returns At Global Ship Lease (NYSE:GSL) Aren't Growing
Dec 02Is It Time To Consider Buying Global Ship Lease, Inc. (NYSE:GSL)?
Oct 19Is Global Ship Lease (NYSE:GSL) Using Too Much Debt?
Oct 06Global Ship Lease's Preferred Shares: A Bet On Them Not Being Called
Sep 02Global Ship Lease's (NYSE:GSL) Returns Have Hit A Wall
Sep 02Financial Position Analysis
Short Term Liabilities: GSL's short term assets ($295.7M) exceed its short term liabilities ($280.4M).
Long Term Liabilities: GSL's short term assets ($295.7M) do not cover its long term liabilities ($707.0M).
Debt to Equity History and Analysis
Debt Level: GSL's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: GSL's debt to equity ratio has reduced from 277.3% to 59.5% over the past 5 years.
Debt Coverage: GSL's debt is well covered by operating cash flow (53.2%).
Interest Coverage: GSL's interest payments on its debt are well covered by EBIT (47.2x coverage).