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Gaming and Leisure Properties stock: balance sheet and debt

GLPI
$39.10Closing price of 12 Nov 2026MEQIRI Score 60 out of 100

Gaming and Leisure Properties has a debt to equity ratio of 1.56 and an interest coverage of 3.3x.

Daily figure as of 13 Nov 2026

Debt / Equity
1.56
Interest coverage
3.3x
Current ratio
9.56
Cash & equivalents
$224.31M
Total assets
$12.91B
Equity ratio
38.8%
Goodwill
not reported separately
Net debt
$7.57B

Total assets and equity ratio

How large the balance sheet of Gaming and Leisure Properties, Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2011no datano datano datano data$0
2012$267.08M$85.1M$75.52M88.5%−$14.56M
2013$2.61B$85.1M$75.52M5.3%$2.36B
2014$2.56B$85.1M$75.52M−6.9%$2.53B
2015$2.45B$85.1M$75.52M−10.4%$2.47B
2016$7.37B$675.86M$75.52M33.0%$4.79B
2017$7.25B$725.25M$75.52M33.9%$4.41B
2018$8.58B$698.85M$16.07M26.4%$6.23B
2019$8.43B$25.64M$16.07M24.6%$5.94B
2020$9.03B$617.86Mnot split out29.6%$5.42B
2021$10.69B$668.68Mnot split out31.7%$6.07B
2022$10.93B$652.82Mnot split out37.7%$6.13B
2023$11.81B$639.27Mnot split out38.2%$6.19B
2024$13.33B$847.19Mnot split out34.8%$7.02B
2025$12.91Bnot reported separatelynot reported separately38.8%$7.57B

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2011$0$0$00
2012$14.56M$236.33M$00
2013$285.22M$142.43M$2.65B19.28
2014$35.97M−$124.74M$2.57B−14.58
2015$41.88M−$253.51M$2.51B−9.9
2016$36.56M$2.43B$4.83B1.98
2017$29.05M$2.46B$4.44B1.81
2018$25.78M$2.27B$6.26B2.76
2019$26.82M$2.07B$5.97B2.88
2020$486.45M$2.68B$5.91B2.21
2021$724.6M$3.19B$6.79B2
2022$239.08M$3.78B$6.36B1.55
2023$683.98M$4.16B$6.88B1.53
2024$1.02B$4.27B$8.04B1.73
2025$224.31M$4.63B$7.79B1.56

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 21 Feb 2025)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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