Global Medical REIT (Global Medical REIT) Debt-to-Equity : 1.09 (As of Mar. 2024)

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What is Global Medical REIT Debt-to-Equity?

Global Medical REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $592.08 Mil. Global Medical REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $33.52 Mil. Global Medical REIT's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $574.97 Mil. Global Medical REIT's debt to equity for the quarter that ended in Mar. 2024 was 1.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Global Medical REIT's Debt-to-Equity or its related term are showing as below:

GMREpA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -459.97 Med: 1.08 Max: 47.85
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Global Medical REIT was 47.85. The lowest was -459.97. And the median was 1.08.

GMREpA.PFD's Debt-to-Equity is ranked worse than
71.53% of 678 companies
in the REITs industry
Industry Median: 0.785 vs GMREpA.PFD: 1.09

Global Medical REIT Debt-to-Equity Historical Data

The historical data trend for Global Medical REIT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Global Medical REIT Debt-to-Equity Chart

Global Medical REIT Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.90

1.32

0.92

1.10

1.06

Global Medical REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.02	1.02	1.06	1.09

Competitive Comparison of Global Medical REIT's Debt-to-Equity

For the REIT - Healthcare Facilities subindustry, Global Medical REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Global Medical REIT's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Global Medical REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Global Medical REIT's Debt-to-Equity falls into.

Global Medical REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Medical REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(585.333	+	33.579)	/	583.584
	=	1.06

Global Medical REIT's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(592.082	+	33.517)	/	574.97
	=	1.09

Global Medical REIT (NYSE:GMREpA.PFD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Global Medical REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Global Medical REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Medical REIT (Global Medical REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Medical REIT Inc (NYSE:GMREpA.PFD) » Definitions » Debt-to-Equity

Comparable Companies

UHT DHC CHTH CHCT HLTC AHTR NHHS CVMCA STRW LTC WELL VTR PEAK OHI HR SBRA MPW DOC XBRU:AED NHI

Traded in Other Exchanges

GMRE:USA 3UN:Germany

Address

7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814

Website

https://www.globalmedicalreit.com

Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.