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HomeCo Daily Needs REIT (ASX:HDN) Debt-to-Equity : 0.59 (As of Dec. 2024)


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What is HomeCo Daily Needs REIT Debt-to-Equity?

HomeCo Daily Needs REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.1 Mil. HomeCo Daily Needs REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$1,787.6 Mil. HomeCo Daily Needs REIT's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$3,023.3 Mil. HomeCo Daily Needs REIT's debt to equity for the quarter that ended in Dec. 2024 was 0.59.

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 HomeCo Daily Needs REIT's Debt-to-Equity or its related term are showing as below:

ASX:HDN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48   Med: 0.55   Max: 0.6
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of HomeCo Daily Needs REIT was 0.60. The lowest was 0.48. And the median was 0.55.

ASX:HDN's Debt-to-Equity is ranked better than
66.43% of 715 companies
in the REITs industry
Industry Median: 0.78 vs ASX:HDN: 0.59

HomeCo Daily Needs REIT Debt-to-Equity Historical Data

The historical data trend for HomeCo Daily Needs 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.

HomeCo Daily Needs REIT Debt-to-Equity Chart

HomeCo Daily Needs REIT Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Equity
0.51 0.53 0.56

HomeCo Daily Needs REIT Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Debt-to-Equity Get a 7-Day Free Trial 0.48 0.53 0.55 0.56 0.59

Competitive Comparison of HomeCo Daily Needs REIT's Debt-to-Equity

For the REIT - Retail subindustry, HomeCo Daily Needs 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.

HomeCo Daily Needs REIT's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where HomeCo Daily Needs REIT's Debt-to-Equity falls into.


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HomeCo Daily Needs REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HomeCo Daily Needs REIT's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 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
=(300.2 + 1384.1) / 2992.5
=0.56

HomeCo Daily Needs REIT's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
=(0.1 + 1787.6) / 3023.3
=0.59

* 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.

HomeCo Daily Needs REIT  (ASX:HDN) 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.

HomeCo Daily Needs REIT Debt-to-Equity Related Terms

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

HomeCo Daily Needs REIT Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Debt-to-Equity
Comparable Companies
ASX:RGN ASX:CQR ASX:DXC ASX:CDP ASX:VCX SPG O KIM HKSE:00823 XPAR:URW REG SGX:C38U ASX:SCG XPAR:LI FRT NNN BRX ADC TSX:CHP.UN EPRT
Traded in Other Exchanges
N/A
Address
Gateway, Level 7, 1 Macquarie Place, Sydney, NSW, AUS, 2000
Website
https://www.hmccapital.com.au
HomeCo Daily Needs REIT is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. The company generates revenue from Property rental and Other property income. The company invests in convenience-based assets across the target sub-sectors of Neighbourhood Retail, Large Format Retail, and Health & Services.

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