Independence Realty Trust (Independence Realty Trust) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Independence Realty Trust Debt-to-Equity?

Independence Realty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $839.5 Mil. Independence Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,709.9 Mil. Independence Realty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,431.3 Mil. Independence Realty Trust's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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 Independence Realty Trust's Debt-to-Equity or its related term are showing as below:

IRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.73 Med: 1.4 Max: 2.65
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of Independence Realty Trust was 2.65. The lowest was 0.73. And the median was 1.40.

IRT's Debt-to-Equity is ranked better than
54.38% of 673 companies
in the REITs industry
Industry Median: 0.78 vs IRT: 0.74

Independence Realty Trust Debt-to-Equity Historical Data

The historical data trend for Independence Realty Trust'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.

Independence Realty Trust Debt-to-Equity Chart

Independence Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.61

1.34

0.78

0.73

0.74

Independence Realty Trust 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															0.73	0.74	0.75	0.77	0.74

Competitive Comparison of Independence Realty Trust's Debt-to-Equity

For the REIT - Residential subindustry, Independence Realty Trust'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.

Independence Realty Trust's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Independence Realty Trust's Debt-to-Equity falls into.

Independence Realty Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Independence Realty Trust'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
	=	(839.461	+	1709.948)	/	3431.297
	=	0.74

Independence Realty Trust'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
	=	(839.461	+	1709.948)	/	3431.297
	=	0.74

Independence Realty Trust (NYSE:IRT) 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.

Independence Realty Trust Debt-to-Equity Related Terms

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Independence Realty Trust (Independence Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Independence Realty Trust Inc (NYSE:IRT) » Definitions » Debt-to-Equity

Comparable Companies

VRE AIRC ELME UMH AIV CSR NXRT BRT CLPR BHM AVB EQR INVH MAA SUI ESS ELS AMH UDR CPT

Traded in Other Exchanges

N/A

Address

1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103

Website

https://www.irtliving.com

Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Executives

Michele R. Weisbaum	other: General Counsel	C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer	director, officer: Chairman, CEO & President	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland	director, officer: Chief Operating Officer
Stephen R. Bowie	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines	director	18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie	director	18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington	director	311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra	officer: CFO & Treasurer	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman	officer: EVP, General Counsel	1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier	officer: CAO and Controller	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure	director	C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103