Reading International (Reading International) Debt-to-Equity

: 12.66 (As of Dec. 2023)

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Reading International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $64.1 Mil. Reading International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $354.7 Mil. Reading International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $33.1 Mil. Reading International's debt to equity for the quarter that ended in Dec. 2023 was 12.66.

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 Reading International's Debt-to-Equity or its related term are showing as below:

RDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 2.37 Max: 12.66
Current: 12.66

During the past 13 years, the highest Debt-to-Equity Ratio of Reading International was 12.66. The lowest was 0.77. And the median was 2.37.

RDI's Debt-to-Equity is ranked worse than
98.46% of 844 companies
in the Media - Diversified industry
Industry Median: 0.28 vs RDI: 12.66

Reading International Debt-to-Equity Historical Data

The historical data trend for Reading International'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.

Reading International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.37

6.74

4.68

7.06

12.66

Reading International 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																7.06	8.56	9.06	9.90	12.66

Competitive Comparison

For the Entertainment subindustry, Reading International'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.

Reading International Debt-to-Equity Distribution

For the Media - Diversified industry and Communication Services sector, Reading International's Debt-to-Equity distribution charts can be found below:

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

Reading International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reading International'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
	=	(64.057	+	354.72)	/	33.087
	=	12.66

Reading International'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
	=	(64.057	+	354.72)	/	33.087
	=	12.66

Reading International (NAS:RDI) 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.

Reading International Debt-to-Equity Related Terms

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Reading International (Reading International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Reading International Inc (NAS:RDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RDIB:USA 46B:Germany

Address

189 Second Avenue, Suite 2S, New York, NY, USA, 10003

Website

http://www.readingrdi.com

Reading International Inc is a diversified company, engaged in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through two segments: the Cinema segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, and City Cinemas; the Real Estate segment includes real estate development and the rental or licensing of retail, commercial, and live theater assets.

Executives

Mark Cuban	10 percent owner	5424 DELOACHE AVENUE, DALLAS TX 75220
Robert F Smerling	officer: President - Domestic Cinemas	500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Ellen M Cotter	officer: COO - Domestic Cinemas	C/O READING INTERNATIONAL, 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Margaret Cotter	director	500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
James J. Cotter Living Trust	10 percent owner, other: Member of Sec.13(d)(3) Group	6100 CENTER DRIVE, SUITE 900, LOS ANGELES CA 90045
Edward Lewis Kane	director	7405 HIGH AVE, LAJOLLA CA 92037
Gilbert Avanes	officer: Vice President, FP & A	5236 MARYLAND AVE, LA CRESCENTA CA 91214
Douglas James Mceachern	director	2401 EAST KATELLA AVENUE, SUITE 300, ANAHEIM CA 90814
Devasis Ghose	officer: Chief Financial Officer	1155 VALLEY STREET, SUITE 400, SEATTLE WA 98109
Cotter James J Jr	director, 10 percent owner, officer: See Remarks	C/O READING INTERNATIONAL, INC., 500 CITADEL DRIVE, SUITE 300, COMMERCE CA 90040
Sidney Craig Tompkins	officer: EVP, General Counsel	5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230
Steven John Lucas	officer: VP, Controller & CAO	32 IZARD ROAD, KHANDALLAH, WELLINGTON Q2 6035
Matthew Benedict Bourke	officer: Mang Dir-Real Estate- Aus & NZ	4 LUCAS STREET, EAST BRIGHTON, MELBOURNE C3 3187
Michael J. Wrotniak	director	32 ELMSMERE ROAD, MOUNT VERNON NY 10552
Judy Bond Codding	director	2266 CANYONBACK ROAD, LOS ANGELES CA 90049