Global Partners LP

Global Partners LPverified

GLP-PB

Price:

$26.1101

Market Cap:

$1.80B

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil retailers and wholesale distribut...[Read more]

Industry

Oil & Gas Midstream

IPO Date

2021-03-23

Stock Exchange

NYSE

Ticker

GLP-PB

The Current Ratio as of November 2024 (TTM) for Global Partners LP (GLP-PB) is 1.14

According to Global Partners LP’s latest financial reports and current stock price. The company's current Current Ratio is 1.14. This represents a change of 1.00% compared to the average of 1.13 of the last 4 quarters.

Global Partners LP (GLP-PB) Historical Current Ratio (quarterly & annually)

How has GLP-PB Current Ratio performed in the past?

The mean historical Current Ratio of Global Partners LP over the last ten years is 1.35. The current 1.14 Current Ratio has changed 8.39% with respect to the historical average. Over the past ten years (40 quarters), GLP-PB's Current Ratio was at its highest in in the March 2020 quarter at 1.84. The Current Ratio was at its lowest in in the June 2024 quarter at 1.10.

Quarterly (TTM)
Annual

Average

1.35

Median

1.34

Minimum

1.12

Maximum

1.57

Global Partners LP (GLP-PB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Global Partners LP Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 17.87%

Maximum Annual Current Ratio = 1.57

Minimum Annual Increase = -19.23%

Minimum Annual Current Ratio = 1.12

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.12-7.19%
20221.20-5.12%
20211.27-19.23%
20201.5717.87%
20191.33-11.25%
20181.5014.32%
20171.31-2.40%
20161.35-7.70%
20151.467.30%
20141.36-3.85%

Global Partners LP (GLP-PB) Average Current Ratio

How has GLP-PB Current Ratio performed in the past?

The current Current Ratio of Global Partners LP (GLP-PB) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.20

5-year avg

1.30

10-year avg

1.35

Global Partners LP (GLP-PB) Current Ratio vs. Peers

How is GLP-PB’s Current Ratio compared to its peers?

Global Partners LP’s Current Ratio is less than Global Partners LP (1.14), less than Crestwood Equity Partners LP (1.31), greater than DCP Midstream, LP 7.875 CUM RED B (0.68), greater than GasLog Partners LP (0.48), greater than GasLog Partners LP (0.48),

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