Empire State Realty Trust (Empire State Realty Trust) Debt-to-Equity : 2.30 (As of Dec. 2023)

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What is Empire State Realty Trust Debt-to-Equity?

Empire State Realty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $389.3 Mil. Empire State Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,879.7 Mil. Empire State Realty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $985.5 Mil. Empire State Realty Trust's debt to equity for the quarter that ended in Dec. 2023 was 2.30.

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 Empire State Realty Trust's Debt-to-Equity or its related term are showing as below:

ESRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.38 Med: 2.18 Max: 3.41
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Empire State Realty Trust was 3.41. The lowest was 1.38. And the median was 2.18.

ESRT's Debt-to-Equity is ranked worse than
78.84% of 671 companies
in the REITs industry
Industry Median: 0.78 vs ESRT: 1.32

Empire State Realty Trust Debt-to-Equity Historical Data

The historical data trend for Empire State Realty Trust'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.

Empire State Realty Trust Debt-to-Equity Chart

Empire State Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.38

2.05

2.34

2.38

2.30

Empire State Realty Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.32	2.28	2.23	2.30	1.32

Competitive Comparison of Empire State Realty Trust's Debt-to-Equity

For the REIT - Diversified subindustry, Empire State Realty Trust'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.

Empire State Realty Trust's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Empire State Realty Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Empire State Realty Trust's Debt-to-Equity falls into.

Empire State Realty Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empire State Realty Trust'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
	=	(389.286	+	1879.699)	/	985.518
	=	2.30

Empire State Realty Trust'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
	=	(389.286	+	1879.699)	/	985.518
	=	2.30

Empire State Realty Trust (NYSE:ESRT) 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.

Empire State Realty Trust Debt-to-Equity Related Terms

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Empire State Realty Trust (Empire State Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Empire State Realty Trust Inc (NYSE:ESRT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ES9:Germany

Address

111 West 33rd Street, 12th Floor, New York, NY, USA, 10120

Website

https://www.empirestaterealtytrust.com

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 9.4 million square feet of office space, about 80% of which is located in Manhattan.

Executives

Hannah Y Yang	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Tassell Christina Van	director	C/O 111 RIVER STREET, HOBOKEN NJ 07030
Stephen Horn	officer: Chief Accounting Officer	255 WEST 94TH STREET, NEW YORK NY 10025
Grant Hill	director	121 ORANGE AVE, SUITE 1500, ORLANDO FL 32801
Robert Paige Hood	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Christina Chiu	officer: EVP and CFO	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Patricia Han	director	600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
David A Karp	director, officer: EVP and CFO	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, NEW YORK NY 10120
Quark Holding Llc	10 percent owner	P.O. BOX 23224 OOREDOO TOWER, DIPLOMATIC AREA STREET, WEST BAY, DOHA S3 S3
Thomas J Derosa	director	C/O WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615
Salvatore Michael Giliberto	director	C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120
Steven J Gilbert	director	540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Robinson James D Iv	director	130 EAST 59TH STREET, NEW YORK NY 10022
William H Berkman	director	650 MADISON AVE, 25TH FL, NEW YORK NY 10022
Leslie D. Biddle	director	111 WEST 33RD STREET 12TH FLOOR, NEW YORK NY 10120