Globe Life Inc (GL) - Total Liabilities
Based on the latest financial reports, Globe Life Inc (GL) has total liabilities worth $24.84 Billion USD as of September 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Explore Globe Life Inc (GL) cash flow conversion to assess how effectively this company generates cash.
Globe Life Inc - Total Liabilities Trend (1985–2024)
This chart illustrates how Globe Life Inc's total liabilities have evolved over time, based on quarterly financial data. Check GL financial resilience to evaluate the company's liquid asset resilience ratio.
Globe Life Inc Competitors by Total Liabilities
The table below lists competitors of Globe Life Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
James Hardie Industries Plc
AU:JHX
|
Australia | AU$7.41 Billion |
|
Zhengzhou Yutong Bus Co Ltd
SHG:600066
|
China | CN¥18.10 Billion |
|
Koc Holding AS
IS:KCHOL
|
Turkey | TL4.07 Trillion |
|
Hyundai Glovis
KO:086280
|
Korea | ₩7.68 Trillion |
|
Orkla ASA
OL:ORK
|
Norway | Nkr40.03 Billion |
|
Tongwei Co Ltd
SHG:600438
|
China | CN¥144.85 Billion |
|
Bosch Limited
NSE:BOSCHLTD
|
India | Rs63.06 Billion |
|
360 Security Technology Inc
SHG:601360
|
China | CN¥8.57 Billion |
Liability Composition Analysis (1985–2024)
This chart breaks down Globe Life Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Globe Life Inc market cap and net worth.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 2.78 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 4.37 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.81 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Globe Life Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Globe Life Inc (1985–2024)
The table below shows the annual total liabilities of Globe Life Inc from 1985 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | $23.77 Billion | +0.87% |
| 2023-12-31 | $23.56 Billion | +6.93% |
| 2022-12-31 | $22.04 Billion | +4.32% |
| 2021-12-31 | $21.13 Billion | +4.19% |
| 2020-12-31 | $20.28 Billion | +8.52% |
| 2019-12-31 | $18.68 Billion | +5.67% |
| 2018-12-31 | $17.68 Billion | +2.53% |
| 2017-12-31 | $17.24 Billion | +2.22% |
| 2016-12-31 | $16.87 Billion | +6.78% |
| 2015-12-31 | $15.80 Billion | +1.81% |
| 2014-12-31 | $15.52 Billion | +7.64% |
| 2013-12-31 | $14.42 Billion | +0.00% |
| 2012-12-31 | $14.42 Billion | +11.51% |
| 2011-12-31 | $12.93 Billion | +6.46% |
| 2010-12-31 | $12.14 Billion | -3.81% |
| 2009-12-31 | $12.62 Billion | +11.66% |
| 2008-12-31 | $11.31 Billion | -5.12% |
| 2007-12-31 | $11.92 Billion | +3.43% |
| 2006-12-31 | $11.52 Billion | +1.63% |
| 2005-12-31 | $11.34 Billion | +4.65% |
| 2004-12-31 | $10.83 Billion | +5.98% |
| 2003-12-31 | $10.22 Billion | +9.14% |
| 2002-12-31 | $9.36 Billion | -4.31% |
| 2001-12-31 | $9.79 Billion | -7.38% |
| 2000-12-31 | $10.57 Billion | +6.25% |
| 1999-12-31 | $9.95 Billion | +13.06% |
| 1998-12-31 | $8.80 Billion | -0.51% |
| 1997-12-31 | $8.84 Billion | +10.82% |
| 1996-12-31 | $7.98 Billion | +5.23% |
| 1995-12-31 | $7.58 Billion | +5.88% |
| 1994-12-31 | $7.16 Billion | +14.96% |
| 1993-12-31 | $6.23 Billion | +11.90% |
| 1992-12-31 | $5.57 Billion | +11.09% |
| 1991-12-31 | $5.01 Billion | +10.55% |
| 1990-12-31 | $4.53 Billion | +14.03% |
| 1989-12-31 | $3.98 Billion | +699.02% |
| 1988-12-31 | $497.50 Million | +65.78% |
| 1987-12-31 | $300.10 Million | +98.35% |
| 1986-12-31 | $151.30 Million | -7.63% |
| 1985-12-31 | $163.80 Million | -- |
About Globe Life Inc
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates through three segments: Life Insurance, Supplemental Health Insurance, and Investments. It offers whole, term, and other life insurance products; and Medicare supplement and limited-benefit… Read more