Marwest Apartment REIT (TSXV:MAR.UN) Debt-to-Equity : 3.65 (As of Dec. 2023)

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What is Marwest Apartment REIT Debt-to-Equity?

Marwest Apartment REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$7.23 Mil. Marwest Apartment REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$93.54 Mil. Marwest Apartment REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$27.58 Mil. Marwest Apartment REIT's debt to equity for the quarter that ended in Dec. 2023 was 3.65.

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 Marwest Apartment REIT's Debt-to-Equity or its related term are showing as below:

TSXV:MAR.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.65 Med: 4.12 Max: 5.37
Current: 3.65

During the past 4 years, the highest Debt-to-Equity Ratio of Marwest Apartment REIT was 5.37. The lowest was 3.65. And the median was 4.12.

TSXV:MAR.UN's Debt-to-Equity is ranked worse than
93.76% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSXV:MAR.UN: 3.65

Marwest Apartment REIT Debt-to-Equity Historical Data

The historical data trend for Marwest Apartment REIT'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.

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Marwest Apartment REIT Debt-to-Equity Chart

Marwest Apartment REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

4.12

5.37

3.65

Marwest Apartment REIT Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									5.37	4.59	4.06	3.80	3.65

Competitive Comparison of Marwest Apartment REIT's Debt-to-Equity

For the REIT - Residential subindustry, Marwest Apartment REIT'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.

Marwest Apartment REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Marwest Apartment REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marwest Apartment REIT'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
	=	(7.227	+	93.541)	/	27.578
	=	3.65

Marwest Apartment REIT'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
	=	(7.227	+	93.541)	/	27.578
	=	3.65

Marwest Apartment REIT (TSXV:MAR.UN) 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.

Marwest Apartment REIT Debt-to-Equity Related Terms

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

Marwest Apartment REIT (TSXV:MAR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Marwest Apartment REIT (TSXV:MAR.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Portage Avenue, Suite 500, Winnipeg, MB, CAN, R3C 0A5

Website

http://www.marwest.ca

Marwest Apartment REIT is an open-ended real estate investment trust. The trust is focused on acquiring multi-family residential real estate in Western Canada.

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