TPG RE Finance Trust (TPG RE Finance Trust) Debt-to-Equity : 2.70 (As of Dec. 2023)

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What is TPG RE Finance Trust Debt-to-Equity?

TPG RE Finance Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. TPG RE Finance Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,039.4 Mil. TPG RE Finance Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,124.8 Mil. TPG RE Finance Trust's debt to equity for the quarter that ended in Dec. 2023 was 2.70.

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 TPG RE Finance Trust's Debt-to-Equity or its related term are showing as below:

TRTX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 2.53 Max: 3.15
Current: 2.7

During the past 9 years, the highest Debt-to-Equity Ratio of TPG RE Finance Trust was 3.15. The lowest was 0.24. And the median was 2.53.

TRTX's Debt-to-Equity is ranked worse than
92.87% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TRTX: 2.70

TPG RE Finance Trust Debt-to-Equity Historical Data

The historical data trend for TPG RE Finance 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.

TPG RE Finance Trust Debt-to-Equity Chart

TPG RE Finance Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.88

2.68

2.53

3.15

2.70

TPG RE Finance 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															3.15	3.06	3.03	2.85	2.70

Competitive Comparison of TPG RE Finance Trust's Debt-to-Equity

For the REIT - Mortgage subindustry, TPG RE Finance 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.

TPG RE Finance Trust's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where TPG RE Finance Trust's Debt-to-Equity falls into.

TPG RE Finance Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TPG RE Finance 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
	=	(0	+	3039.359)	/	1124.785
	=	2.70

TPG RE Finance 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
	=	(0	+	3039.359)	/	1124.785
	=	2.70

TPG RE Finance Trust (NYSE:TRTX) 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.

TPG RE Finance Trust Debt-to-Equity Related Terms

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TPG RE Finance Trust (TPG RE Finance Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » TPG RE Finance Trust Inc (NYSE:TRTX) » Definitions » Debt-to-Equity

Comparable Companies

ACRE DX ORC IVR REFI NREF ARR GPMT AOMR NYMT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

N/A

Address

888 Seventh Avenue, 35th Floor, New York, NY, USA, 10106

Website

https://www.tpgrefinance.com

TPG RE Finance Trust Inc is a commercial real estate finance company. It originates, acquires and manages commercial mortgage loans and other commercial real estate-related debt instruments consisting of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the United States. The company's objective is to provide attractive risk-adjusted returns to its stockholders over time through cash distributions and capital appreciation. It focuses on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation.

Executives

Robert Foley	officer: CFO & Chief Risk Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Deborah J. Ginsberg	officer: Vice President & Secretary	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Julie Hong Clayton	director	C/O TPG PACE TECH OPPORTUNITIES CORP., 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Doug Bouquard	director, officer: Chief Executive Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Brandon C Fox	officer: Chief Accounting Officer	888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
China Investment Corp	10 percent owner	NEW POLY PLAZA, NO. 1 CHAOYANGMEN BEIDAJIE, DONGCHENG, BEIJING F4 100010
Jon Winkelried	10 percent owner	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Tpg Gp A, Llc	10 percent owner	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Tpg Group Holdings (sbs) Advisors, Inc.	10 percent owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Todd Schuster	director	C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106
Starwood Xi Management Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Pe Holder, L.l.cc	10 percent owner	591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Bss Scg Gp Holdings, Llc	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Capital Group Holdings Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Scgg Ii Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139