National Storage REIT (ASX:NSR) Debt-to-Equity : 5.31 (As of Dec. 2024)

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What is National Storage REIT Debt-to-Equity?

National Storage REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$310.1 Mil. National Storage REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$1,369.7 Mil. National Storage REIT's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$316.5 Mil. National Storage REIT's debt to equity for the quarter that ended in Dec. 2024 was 5.31.

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

ASX:NSR' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.83 Med: 6.27 Max: 13.87
Current: 5.31

During the past 11 years, the highest Debt-to-Equity Ratio of National Storage REIT was 13.87. The lowest was 3.83. And the median was 6.27.

ASX:NSR's Debt-to-Equity is ranked worse than
96.09% of 716 companies
in the REITs industry
Industry Median: 0.78 vs ASX:NSR: 5.31

National Storage REIT Debt-to-Equity Historical Data

The historical data trend for National Storage 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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National Storage REIT Debt-to-Equity Chart

National Storage REIT Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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5.92

4.96

5.22

3.83

4.88

National Storage REIT Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															5.55	3.83	4.28	4.88	5.31

Competitive Comparison of National Storage REIT's Debt-to-Equity

For the REIT - Industrial subindustry, National Storage 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.

National Storage REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

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National Storage REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Storage 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
	=	(11.639	+	1477.638)	/	305.279
	=	4.88

National Storage 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
	=	(310.1	+	1369.7)	/	316.5
	=	5.31

National Storage REIT (ASX:NSR) 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.

National Storage REIT Debt-to-Equity Related Terms

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

National Storage REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » National Storage REIT (ASX:NSR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTSGF:USA

Address

1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000

Website

https://www.nationalstorageinvest.com.au

National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.