Melcor Developments (TSX:MRD) Debt-to-Equity : 0.55 (As of Dec. 2023)

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What is Melcor Developments Debt-to-Equity?

Melcor Developments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.0 Mil. Melcor Developments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$670.2 Mil. Melcor Developments's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,209.6 Mil. Melcor Developments's debt to equity for the quarter that ended in Dec. 2023 was 0.55.

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 Melcor Developments's Debt-to-Equity or its related term are showing as below:

TSX:MRD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.64 Max: 0.7
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Melcor Developments was 0.70. The lowest was 0.55. And the median was 0.64.

TSX:MRD's Debt-to-Equity is ranked better than
59.27% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs TSX:MRD: 0.55

Melcor Developments Debt-to-Equity Historical Data

The historical data trend for Melcor Developments'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.

Melcor Developments Debt-to-Equity Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.70

0.67

0.64

0.63

0.55

Melcor Developments 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															0.63	0.60	0.59	0.58	0.55

Competitive Comparison of Melcor Developments's Debt-to-Equity

For the Real Estate - Development subindustry, Melcor Developments'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.

Melcor Developments's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Melcor Developments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Melcor Developments'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	+	670.174)	/	1209.578
	=	0.55

Melcor Developments'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	+	670.174)	/	1209.578
	=	0.55

Melcor Developments (TSX:MRD) 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.

Melcor Developments Debt-to-Equity Related Terms

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

Melcor Developments (TSX:MRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (TSX:MRD) » Definitions » Debt-to-Equity

Traded in Other Exchanges

MODVF:USA

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

Executives

Leah Margiotta

Senior Officer

Melcor Developments (TSX:MRD) Headlines

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