Morguard (Morguard) Debt-to-Equity : 1.49 (As of Dec. 2023)

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What is Morguard Debt-to-Equity?

Morguard's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,320.6 Mil. Morguard's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,006.8 Mil. Morguard's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,897.7 Mil. Morguard's debt to equity for the quarter that ended in Dec. 2023 was 1.49.

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 Morguard's Debt-to-Equity or its related term are showing as below:

MRCBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.49 Med: 1.6 Max: 1.73
Current: 1.49

During the past 13 years, the highest Debt-to-Equity Ratio of Morguard was 1.73. The lowest was 1.49. And the median was 1.60.

MRCBF's Debt-to-Equity is ranked worse than
73.36% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs MRCBF: 1.49

Morguard Debt-to-Equity Historical Data

The historical data trend for Morguard'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.

Morguard Debt-to-Equity Chart

Morguard Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.66

1.73

1.60

1.50

1.49

Morguard 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	Get a 7-Day Free Trial															1.50	1.52	1.50	1.48	1.49

Competitive Comparison of Morguard's Debt-to-Equity

For the Real Estate - Diversified subindustry, Morguard'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.

Morguard's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Morguard Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morguard'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
	=	(1320.599	+	3006.771)	/	2897.697
	=	1.49

Morguard'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
	=	(1320.599	+	3006.771)	/	2897.697
	=	1.49

Morguard (OTCPK:MRCBF) 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.

Morguard Debt-to-Equity Related Terms

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

Morguard (Morguard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Morguard Corp (OTCPK:MRCBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MRC:Canada

Address

55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

Morguard (Morguard) Headlines

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