Gladstone Land (Gladstone Land) Debt-to-Equity : 0.80 (As of Dec. 2023)

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What is Gladstone Land Debt-to-Equity?

Gladstone Land's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.20 Mil. Gladstone Land's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $573.91 Mil. Gladstone Land's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $719.61 Mil. Gladstone Land's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

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 Gladstone Land's Debt-to-Equity or its related term are showing as below:

LANDP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.68 Max: 2.74
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Gladstone Land was 2.74. The lowest was 0.80. And the median was 1.68.

LANDP.PFD's Debt-to-Equity is ranked worse than
51.86% of 673 companies
in the REITs industry
Industry Median: 0.78 vs LANDP.PFD: 0.80

Gladstone Land Debt-to-Equity Historical Data

The historical data trend for Gladstone Land'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.

Gladstone Land Debt-to-Equity Chart

Gladstone Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.74

1.63

1.14

0.86

0.80

Gladstone Land Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.86	0.82	0.81	0.80	0.80

Competitive Comparison of Gladstone Land's Debt-to-Equity

For the REIT - Specialty subindustry, Gladstone Land'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.

Gladstone Land's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Gladstone Land's Debt-to-Equity falls into.

Gladstone Land Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gladstone Land's Debt to Equity Ratio for the fiscal year 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
	=	(0.2	+	573.911)	/	719.613
	=	0.80

Gladstone Land'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
	=	(0.2	+	573.911)	/	719.613
	=	0.80

Gladstone Land (NAS:LANDP.PFD) 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.

Gladstone Land Debt-to-Equity Related Terms

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Gladstone Land (Gladstone Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (NAS:LANDP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

FPI NLCP AFCG CORR PW UNIT OUT HASI AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR

Traded in Other Exchanges

LANDM.PFD:USA LANDO.PFD:USA LAND:USA 3L4:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonefarms.com

Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).