Global Medical REIT Inc.

Global Medical REIT Inc.verified

GMRE-PA

Price:

$25.81

Market Cap:

$660.47M

Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built specialized healthcare facilities and leases those facilities to strong healthcare systems and physician groups with leading market share.[Read more]

Industry

REIT - Healthcare Facilities

IPO Date

2017-09-14

Stock Exchange

NYSE

Ticker

GMRE-PA

The Current Ratio as of September 2024 (TTM) for Global Medical REIT Inc. (GMRE-PA) is 0.03

According to Global Medical REIT Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.03. This represents a change of -9.16% compared to the average of 0.03 of the last 4 quarters.

Global Medical REIT Inc. (GMRE-PA) Historical Current Ratio (quarterly & annually)

How has GMRE-PA Current Ratio performed in the past?

The mean historical Current Ratio of Global Medical REIT Inc. over the last ten years is 0.81. The current 0.03 Current Ratio has changed 238.01% with respect to the historical average. Over the past ten years (40 quarters), GMRE-PA's Current Ratio was at its highest in in the September 2016 quarter at 16.18. The Current Ratio was at its lowest in in the December 2023 quarter at 0.02.

Quarterly (TTM)
Annual

Average

0.81

Median

0.05

Minimum

0.02

Maximum

6.59

Global Medical REIT Inc. (GMRE-PA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Global Medical REIT Inc. 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 = 1.20%

Maximum Annual Current Ratio = 6.59

Minimum Annual Increase = -91.98%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.02-49.44%
20220.05-0.69%
20210.0517.48%
20200.04-8.05%
20190.0427.09%
20180.03-38.28%
20170.05-91.98%
20160.68-89.69%
20156.591.20%
20140.51179.75%

Global Medical REIT Inc. (GMRE-PA) Average Current Ratio

How has GMRE-PA Current Ratio performed in the past?

The current Current Ratio of Global Medical REIT Inc. (GMRE-PA) 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

0.04

5-year avg

0.04

10-year avg

0.81

Global Medical REIT Inc. (GMRE-PA) Current Ratio vs. Peers

How is GMRE-PA’s Current Ratio compared to its peers?

Global Medical REIT Inc.’s Current Ratio is less than Global Medical REIT Inc. (0.03), less than Community Healthcare Trust Incorporated (0.43), less than National Health Investors, Inc. (4.71), less than Healthcare Realty Trust Incorporated (0.17), less than Healthpeak Properties, Inc. (0.30), less than Sabra Health Care REIT, Inc. (5.05), less than Universal Health Realty Income Trust (0.34), less than Welltower Inc. (4.07), less than Healthpeak Properties, Inc. (0.30), less than Ventas, Inc. (0.81), less than CareTrust REIT, Inc. (6.42),

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Frequently asked questions❓

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