Target Healthcare REIT (LSE:THRL) Debt-to-Equity : 0.38 (As of Dec. 2023)

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What is Target Healthcare REIT Debt-to-Equity?

Target Healthcare REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Target Healthcare REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £249.86 Mil. Target Healthcare REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £665.05 Mil. Target Healthcare REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

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

LSE:THRL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.26 Max: 0.38
Current: 0.38

During the past 10 years, the highest Debt-to-Equity Ratio of Target Healthcare REIT was 0.38. The lowest was 0.08. And the median was 0.26.

LSE:THRL's Debt-to-Equity is ranked better than
84.1% of 673 companies
in the REITs industry
Industry Median: 0.78 vs LSE:THRL: 0.38

Target Healthcare REIT Debt-to-Equity Historical Data

The historical data trend for Target Healthcare 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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Target Healthcare REIT Debt-to-Equity Chart

Target Healthcare REIT Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.26

0.30

0.23

0.33

0.35

Target Healthcare REIT Semi-Annual Data
	Jul13	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															0.32	0.33	0.37	0.35	0.38

Competitive Comparison of Target Healthcare REIT's Debt-to-Equity

For the REIT - Healthcare Facilities subindustry, Target Healthcare 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.

Target Healthcare REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Target Healthcare REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Target Healthcare 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	+	227.051)	/	654.808
	=	0.35

Target Healthcare 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	+	249.863)	/	665.054
	=	0.38

Target Healthcare REIT (LSE:THRL) 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.

Target Healthcare REIT Debt-to-Equity Related Terms

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

Target Healthcare REIT (LSE:THRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Target Healthcare REIT PLC (LSE:THRL) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

THRLl:UK

Address

69 Old Broad Street, Level 4, Dashwood House, London, GBR, EC2M 1QS

Website

https://www.targethealthcarereit.co.uk

Target Healthcare REIT PLC is a closed-ended investment company, which acts as a long-term investor in care homes in the UK. The investment objective of the company is to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of freehold and long-leasehold care homes. The company pursues its objective by investing in a portfolio of care homes, in the United Kingdom, that are let to care home operators on repairing and insuring leases.

Target Healthcare REIT (LSE:THRL) Headlines

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