Drive Shack (Drive Shack) Debt-to-Equity

: -10.41 (As of Sep. 2023)

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Drive Shack's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $23.6 Mil. Drive Shack's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $246.7 Mil. Drive Shack's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-26.0 Mil. Drive Shack's debt to equity for the quarter that ended in Sep. 2023 was -10.41.

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

DSHK' s Debt-to-Equity Range Over the Past 10 Years
Min: -699.02 Med: 2.04 Max: 36.17
Current: -10.41

During the past 13 years, the highest Debt-to-Equity Ratio of Drive Shack was 36.17. The lowest was -699.02. And the median was 2.04.

DSHK's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs DSHK: -10.41

Drive Shack Debt-to-Equity Historical Data

The historical data trend for Drive Shack'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.

Drive Shack Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.50

4.20

25.72

8.74

-8.07

Drive Shack Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-16.90	-8.07	-7.13	-7.69	-10.41

Competitive Comparison

For the Leisure subindustry, Drive Shack'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.

Drive Shack Debt-to-Equity Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Drive Shack's Debt-to-Equity distribution charts can be found below:

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

Drive Shack Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drive Shack's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(23.707	+	234.885)	/	-32.027
	=	-8.07

Drive Shack's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(23.642	+	246.697)	/	-25.97
	=	-10.41

Drive Shack (OTCPK:DSHK) 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.

Drive Shack Debt-to-Equity Related Terms

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

Drive Shack (Drive Shack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Drive Shack Inc (OTCPK:DSHK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSHKN.PFD:USA DSHKO.PFD:USA DSHKP.PFD:USA

Address

10670 N. Central Expressway, Suite 700, Dallas, TX, USA, 75231

Website

https://www.driveshack.com

Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues, and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.

Executives

Wesley R Edens	director	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Hana Khouri	officer: President	218 WEST 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Stuart A Mcfarland	director	C/O FORTRESS INVESTMENT GROUP, 1345 AVE OF THE AMERICAS 46TH FL, NEW YORK NY 10105
Goodfield Lawrence A. Jr.	officer: CFO, CAO & Treasurer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Michael Lee Nichols	officer: Chief Financial Officer	C/O DRIVE SHACK INC., 218 W. 18TH STREET, 3RD FLOOR, NEW YORK NY 10011
Acacia Research Corp	director	767 3RD AVENUE, 6TH FLOOR, NEW YORK NY 10017
Virgis Colbert	director	5725 DELPHI DRIVE, TROY MI 48098
Benjamin M Crane	director	218 WEST 18TH STREET 3RD FLOOR, NEW YORK NY 10011
Clifford Press	director	152 WEST 57TH STREET, NEW YORK NY 10019
David Hammarley	officer: Chief Financial Officer	111 WEST 19TH STREET, 8TH FLOOR, NEW YORK NY 10011
Kenneth A May	director, officer: CEO & President	13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER, DALLAS TX 75240
William J Clifford	director	845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
Alan L. Tyson	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sara A. Yakin	officer: Chief Operating Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Sarah Watterson	officer: CEO & President	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105