Flagship Communities REIT (TSX:MHC.U) Debt-to-Equity : 0.83 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Flagship Communities REIT Debt-to-Equity?

Flagship Communities REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.52 Mil. Flagship Communities REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $331.85 Mil. Flagship Communities REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $436.07 Mil. Flagship Communities REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.83.

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

TSX:MHC.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 0.96 Max: 1.5
Current: 0.83

During the past 6 years, the highest Debt-to-Equity Ratio of Flagship Communities REIT was 1.50. The lowest was 0.80. And the median was 0.96.

TSX:MHC.U's Debt-to-Equity is ranked worse than
53.64% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSX:MHC.U: 0.83

Flagship Communities REIT Debt-to-Equity Historical Data

The historical data trend for Flagship Communities 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.

* Premium members only.

Flagship Communities REIT Debt-to-Equity Chart

Flagship Communities REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.95

1.50

0.80

0.96

0.83

Flagship Communities REIT Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.96	0.85	0.81	0.81	0.83

Competitive Comparison of Flagship Communities REIT's Debt-to-Equity

For the REIT - Residential subindustry, Flagship Communities 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.

Flagship Communities REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Flagship Communities REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flagship Communities REIT'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
	=	(31.521	+	331.848)	/	436.074
	=	0.83

Flagship Communities 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
	=	(31.521	+	331.848)	/	436.074
	=	0.83

Flagship Communities REIT (TSX:MHC.U) 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.

Flagship Communities REIT Debt-to-Equity Related Terms

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

Flagship Communities REIT (TSX:MHC.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Flagship Communities REIT (TSX:MHC.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MHCUF:USA MHC.UN:Canada

Address

467 Erlanger Road, Erlanger, KY, USA, 41018

Website

https://www.flagshipcommunities.com

Flagship Communities REIT is an open-ended real estate investment trust. It is formed for the purpose of owning and operating a portfolio of income-producing manufactured housing communities and related assets. The objective of the trust is to provide unitholders with predictable, sustainable and growing cash distributions. The company owns, manages and operates multifamily properties located in the United States.

Flagship Communities REIT (TSX:MHC.U) Headlines

No Headlines