Saul Centers (Saul Centers) Debt-to-Equity

: 3.98 (As of Dec. 2023)

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Saul Centers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $274.7 Mil. Saul Centers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,112.3 Mil. Saul Centers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $348.4 Mil. Saul Centers's debt to equity for the quarter that ended in Dec. 2023 was 3.98.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Saul Centers's Debt-to-Equity or its related term are showing as below:

BFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.82 Med: 2.89 Max: 3.98
Current: 3.98

During the past 13 years, the highest Debt-to-Equity Ratio of Saul Centers was 3.98. The lowest was 2.82. And the median was 2.89.

BFS's Debt-to-Equity is ranked worse than
95.1% of 674 companies
in the REITs industry
Industry Median: 0.78 vs BFS: 3.98

Saul Centers Debt-to-Equity Historical Data

The historical data trend for Saul Centers's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Saul Centers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.91

3.16

2.82

3.05

3.98

Saul Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																3.05	3.16	3.27	3.41	3.98

Competitive Comparison

For the REIT - Retail subindustry, Saul Centers's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Saul Centers Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, Saul Centers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saul Centers's Debt-to-Equity falls into.

Saul Centers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saul Centers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(274.715	+	1112.286)	/	348.389
	=	3.98

Saul Centers's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(274.715	+	1112.286)	/	348.389
	=	3.98

Saul Centers (NYSE:BFS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Saul Centers Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Saul Centers's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Saul Centers (Saul Centers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Saul Centers Inc (NYSE:BFS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BFSpE.PFD:USA BFSpD.PFD:USA SA4:Germany

Address

7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD, USA, 20814-6522

Website

https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates, and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are primarily located in the Washington, D.C. and Maryland metropolitan areas. Saul Centers operates through two business segments: shopping centers, which contribute the maximum portion of total revenue; and mixed-use properties. Major tenants include grocery stores, discount department stores, and drug stores.

Executives

Saul B Francis Ii	director, 10 percent owner, officer: Chief Executive Officer	8401 CONNECTICUT AVE, CHEVY CHASE MD 20815
Carlos Lawrence Heard	officer: Senior Vice President & CFO	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
David Todd Pearson	officer: Executive V.P.-Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20895
Patricia Saul Lotuff	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
John E Chapoton	director	BROWN INVESTMENT ADVISORY INCORPORATED, 1717 H STREET, NW, FIFTH FLOOR, WASHINGTON DC 20006
H. Gregory Platts	director	7501 WISCONSIN AVENUE, 15TH FLOOR, BETHESDA MD 20814
Clancy George Patrick Jr	director	1100 H ST NW, WASHINGTON DC 20080
Philip D Caraci	director
James Page Lansdale	officer: Exec. VP - Real Estate	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Joel Albert Friedman	officer: Sr. V.P./Chief Acctng Officer	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Mark Iii Sullivan	director	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
John F Collich	officer: Sr. VP-Acquisitions & Dev.
Lori Godby	officer: Senior Vice Pres.-Residential	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Judith K. Garland	officer: SVP, Office and Retail	7501 WISCONSIN AVENUE, SUITE 1500, BETHESDA MD 20814
Willoughby B. Laycock	director, officer: VP-Residential Development	7501 WISCONSIN AVE., SUITE 1400, BETHESDA MD 20814