Global Partners LP
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. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The … Read more
Global Partners LP (GLP) - Total Assets
Latest total assets as of September 2025: $3.70 Billion USD
Based on the latest financial reports, Global Partners LP (GLP) holds total assets worth $3.70 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Global Partners LP - Total Assets Trend (2001–2024)
This chart illustrates how Global Partners LP’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Global Partners LP - Asset Composition Analysis
Current Asset Composition (December 2024)
Global Partners LP's total assets of $3.70 Billion consist of 31.9% current assets and 68.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $8.21 Million | 0.2% |
| Accounts Receivable | $472.59 Million | 12.5% |
| Inventory | $594.07 Million | 15.7% |
| Property, Plant & Equipment | $2.01 Billion | 53.0% |
| Intangible Assets | $18.68 Million | 0.5% |
| Goodwill | $421.91 Million | 11.1% |
Asset Composition Trend (2001–2024)
This chart illustrates how Global Partners LP's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Global Partners LP's current assets represent 31.9% of total assets in 2024, an increase from 31.0% in 2001.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2024, down from 0.6% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 11.0% of total assets, an increase from 0.0% in 2001.
- Asset Diversification: The largest asset category is property, plant & equipment at 53.0% of total assets.
Global Partners LP Competitors by Total Assets
Key competitors of Global Partners LP based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
Global Partners LP - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Global Partners LP generates 4.53x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Global Partners LP generates $ 2.84 in net profit.
Global Partners LP - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.21 | 1.14 | 1.57 |
| Quick Ratio | 0.70 | 0.64 | 0.80 |
| Cash Ratio | 0.02 | 0.02 | 0.00 |
| Working Capital | $200.22 Million | $ 141.64 Million | $ 283.90 Million |
Global Partners LP - Advanced Valuation Insights
This section examines the relationship between Global Partners LP's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.42 |
| Latest Market Cap to Assets Ratio | 0.34 |
| Asset Growth Rate (YoY) | 7.2% |
| Total Assets | $3.79 Billion |
| Market Capitalization | $1.31 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Global Partners LP's assets below their book value (0.34 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Global Partners LP's assets grew by 7.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Global Partners LP (2001–2024)
The table below shows the annual total assets of Global Partners LP from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.79 Billion | +7.24% |
| 2023-12-31 | $3.53 Billion | +11.75% |
| 2022-12-31 | $3.16 Billion | +11.65% |
| 2021-12-31 | $2.83 Billion | +8.33% |
| 2020-12-31 | $2.61 Billion | -9.73% |
| 2019-12-31 | $2.90 Billion | +19.43% |
| 2018-12-31 | $2.42 Billion | +4.49% |
| 2017-12-31 | $2.32 Billion | -9.51% |
| 2016-12-31 | $2.56 Billion | -3.74% |
| 2015-12-31 | $2.66 Billion | +30.57% |
| 2014-12-31 | $2.04 Billion | -15.98% |
| 2013-12-31 | $2.43 Billion | +4.21% |
| 2012-12-31 | $2.33 Billion | +24.66% |
| 2011-12-31 | $1.87 Billion | +11.75% |
| 2010-12-31 | $1.67 Billion | +58.86% |
| 2009-12-31 | $1.05 Billion | +18.38% |
| 2008-12-31 | $889.26 Million | -23.29% |
| 2007-12-31 | $1.16 Billion | +81.44% |
| 2006-12-31 | $638.89 Million | +15.17% |
| 2005-12-31 | $554.76 Million | +41.17% |
| 2004-12-31 | $392.96 Million | +50.16% |
| 2003-12-31 | $261.70 Million | +13.44% |
| 2002-12-31 | $230.70 Million | +14.78% |
| 2001-12-31 | $201.00 Million | -- |