Novavest Real Estate AG (XSWX:NREN) Debt-to-Equity : 1.29 (As of Dec. 2023)

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What is Novavest Real Estate AG Debt-to-Equity?

Novavest Real Estate AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF85.54 Mil. Novavest Real Estate AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF341.63 Mil. Novavest Real Estate AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CHF331.87 Mil. Novavest Real Estate AG's debt to equity for the quarter that ended in Dec. 2023 was 1.29.

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 Novavest Real Estate AG's Debt-to-Equity or its related term are showing as below:

XSWX:NREN' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.11 Med: 1.28 Max: 1.48
Current: 1.29

During the past 11 years, the highest Debt-to-Equity Ratio of Novavest Real Estate AG was 1.48. The lowest was 1.11. And the median was 1.28.

XSWX:NREN's Debt-to-Equity is ranked worse than
68.66% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs XSWX:NREN: 1.29

Novavest Real Estate AG Debt-to-Equity Historical Data

The historical data trend for Novavest Real Estate AG'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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Novavest Real Estate AG Debt-to-Equity Chart

Novavest Real Estate AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.18

1.21

1.13

1.27

1.29

Novavest Real Estate AG Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													1.13	1.29	1.27	1.29	1.29

Competitive Comparison of Novavest Real Estate AG's Debt-to-Equity

For the Real Estate - Diversified subindustry, Novavest Real Estate AG'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.

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

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

* The bar in red indicates where Novavest Real Estate AG's Debt-to-Equity falls into.

Novavest Real Estate AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Novavest Real Estate AG'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
	=	(85.538	+	341.627)	/	331.869
	=	1.29

Novavest Real Estate AG'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
	=	(85.538	+	341.627)	/	331.869
	=	1.29

Novavest Real Estate AG (XSWX:NREN) 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.

Novavest Real Estate AG Debt-to-Equity Related Terms

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Novavest Real Estate AG (XSWX:NREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Novavest Real Estate AG (XSWX:NREN) » Definitions » Debt-to-Equity

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NRENz:UK

Address

Feldeggstrasse 26, Zurich, CHE, 8008

Website

https://www.novavest.ch

Novavest Real Estate AG is a Swiss real estate company. It is engaged in construction, acquisition, sale, holding, conversion and management of all types of real estate in theSwitzerland. The company manages and develops properties for residential use, office and commercial use as well as on new construction projects.

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