Global Ship Lease (GSL) Rent Expense (2009 - 2018)
Global Ship Lease (GSL) posted Rent Expense of $215000.0 for Q3 2018, little changed on a QoQ basis from $214000.0 in Q2 2018, and down 46.25% year-over-year from $400000.0 in Q3 2017.
Analysis
Global Ship Lease (GSL) Rent Expense (2009 - 2018) Analysis & Trends
Global Ship Lease has reported Rent Expense for 5 years, with the latest figure at $215000.0 in Q3 2018.
- On a quarterly basis, Rent Expense fell 46.25% year-over-year to $215000.0 in Q3 2018; TTM through Sep 2018 was $1.2 million, a 28.06% decrease from a year earlier, with the FY2017 full-year figure at $1.6 million, changed 0.0% from the prior year.
- Rent Expense was $215000.0 for Q3 2018 at Global Ship Lease, roughly flat from $214000.0 in the prior quarter.
- The five-year high for Rent Expense was $523000.0 in Q2 2015, with the low at $214000.0 in Q2 2018.
- Average Rent Expense over 4 years is $378142.9, with a median of $400000.0 recorded in 2015.
- The sharpest annual moves came in 2016 and 2018: Rent Expense changed 0.0% in 2016, then tumbled 46.5% in 2018.
- Over 4 years, Rent Expense stood at $400000.0 in 2015, then changed by 0.0% to $400000.0 in 2016, then changed by 0.0% to $400000.0 in 2017, then sank by 46.25% to $215000.0 in 2018.
- The last three Rent Expense figures came in at $215000.0 (Q3 2018), $214000.0 (Q2 2018), and $322000.0 (Q1 2018), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | - |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | - |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | - |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | - |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | - |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | -12.62 Mn |
| 10 | Global Ship Lease | 793.09 Mn | 793.09 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2018 | 215,000.00 |
| Jun 30, 2018 | 214,000.00 |
| Mar 31, 2018 | 322,000.00 |
| Dec 31, 2017 | 400,000.00 |
| Sep 30, 2017 | 400,000.00 |
| Jun 30, 2017 | 400,000.00 |
| Mar 31, 2017 | 400,000.00 |
| Dec 31, 2016 | 400,000.00 |
| Sep 30, 2016 | 400,000.00 |
| Jun 30, 2016 | 400,000.00 |
| Mar 31, 2016 | 400,000.00 |
| Dec 31, 2015 | 400,000.00 |
| Sep 30, 2015 | 420,000.00 |
| Jun 30, 2015 | 523,000.00 |
| Sep 30, 2009 | 64.97 Mn |