Investore Property (NZSE:IPL) Debt-to-Equity : 0.68 (As of Sep. 2023)

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What is Investore Property Debt-to-Equity?

Investore Property's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$99.89 Mil. Investore Property's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was NZ$305.85 Mil. Investore Property's Total Stockholders Equity for the quarter that ended in Sep. 2023 was NZ$596.71 Mil. Investore Property's debt to equity for the quarter that ended in Sep. 2023 was 0.68.

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

NZSE:IPL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.61 Max: 0.73
Current: 0.68

During the past 6 years, the highest Debt-to-Equity Ratio of Investore Property was 0.73. The lowest was 0.38. And the median was 0.61.

NZSE:IPL's Debt-to-Equity is ranked better than
59.73% of 673 companies
in the REITs industry
Industry Median: 0.78 vs NZSE:IPL: 0.68

Investore Property Debt-to-Equity Historical Data

The historical data trend for Investore Property'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.

Investore Property Debt-to-Equity Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.71

0.47

0.38

0.43

0.58

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									0.45	0.43	0.49	0.58	0.68

Competitive Comparison of Investore Property's Debt-to-Equity

For the REIT - Retail subindustry, Investore Property'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.

Investore Property's Debt-to-Equity Distribution in the REITs Industry

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

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

Investore Property Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Investore Property's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.075	+	393.279)	/	675.02
	=	0.58

Investore Property'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
	=	(99.885	+	305.852)	/	596.711
	=	0.68

Investore Property (NZSE:IPL) 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.

Investore Property Debt-to-Equity Related Terms

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

Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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