Dexus Convenience Retail REIT (ASX:DXC) Debt-to-Equity

: 1.13 (As of Dec. 2023)

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Dexus Convenience Retail REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Dexus Convenience Retail REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$248.15 Mil. Dexus Convenience Retail REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$219.91 Mil. Dexus Convenience Retail REIT's debt to equity for the quarter that ended in Dec. 2023 was 1.13.

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 Dexus Convenience Retail REIT's Debt-to-Equity or its related term are showing as below:

ASX:DXC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.49 Max: 1.2
Current: 1.13

During the past 6 years, the highest Debt-to-Equity Ratio of Dexus Convenience Retail REIT was 1.20. The lowest was 0.21. And the median was 0.49.

ASX:DXC's Debt-to-Equity is ranked worse than
73.15% of 674 companies
in the REITs industry
Industry Median: 0.78 vs ASX:DXC: 1.13

Dexus Convenience Retail REIT Debt-to-Equity Historical Data

The historical data trend for Dexus Convenience Retail 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.

* Premium members only.

Dexus Convenience Retail REIT Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.49

0.21

0.40

0.54

0.51

Dexus Convenience Retail REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity									0.50	0.54	1.20	0.51	1.13

Competitive Comparison

For the REIT - Retail subindustry, Dexus Convenience Retail 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.

Dexus Convenience Retail REIT Debt-to-Equity Distribution

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

* The bar in red indicates where Dexus Convenience Retail REIT's Debt-to-Equity falls into.

Dexus Convenience Retail REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dexus Convenience Retail REIT'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	+	263.42)	/	516.383
	=	0.51

Dexus Convenience Retail 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
	=	(0	+	248.152)	/	219.907
	=	1.13

Dexus Convenience Retail REIT (ASX:DXC) 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.

Dexus Convenience Retail REIT Debt-to-Equity Related Terms

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Dexus Convenience Retail REIT (ASX:DXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dexus Convenience Retail REIT (ASX:DXC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Bridge Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.dexus.com

Dexus Convenience Retail REIT is an Australian real estate investment trust. The company owns a portfolio of service stations and convenience retail assets located across Australia. The company derives all income from investments in properties located in Australia. The principal investment objective of the group is to invest in convenience retail properties that provide investors with a high and consistent income distribution that maintains its real value for the life of the group.