Carindale Property Trust (ASX:CDP) Debt-to-Equity

: 0.45 (As of Dec. 2023)

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Carindale Property Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Carindale Property Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$233.09 Mil. Carindale Property Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$522.13 Mil. Carindale Property Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

ASX:CDP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.44 Max: 0.64
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Carindale Property Trust was 0.64. The lowest was 0.38. And the median was 0.44.

ASX:CDP's Debt-to-Equity is ranked better than
77.86% of 673 companies
in the REITs industry
Industry Median: 0.78 vs ASX:CDP: 0.45

Carindale Property Trust Debt-to-Equity Historical Data

The historical data trend for Carindale Property 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.

Carindale Property Trust Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.46

0.64

0.58

0.48

0.46

Carindale Property Trust Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.55	0.48	0.47	0.46	0.45

Competitive Comparison

For the REIT - Retail subindustry, Carindale Property 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.

Carindale Property Trust Debt-to-Equity Distribution

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

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

Carindale Property Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carindale Property Trust's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	240.549)	/	528.423
	=	0.46

Carindale Property 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
	=	(0	+	233.094)	/	522.134
	=	0.45

Carindale Property Trust (ASX:CDP) 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.

Carindale Property Trust Debt-to-Equity Related Terms

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Carindale Property Trust (ASX:CDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Carindale Property Trust (ASX:CDP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.carindalepropertytrust.com.au

Carindale Property Trust is engaged in the long-term ownership of the interest in the Westfield cardinal shopping center. The company derives revenue from shopping center base rent and other property income.