Slate Grocery REIT (TSX:SGR.U) Debt-to-Equity

: 1.69 (As of Dec. 2023)

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Slate Grocery REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $302.1 Mil. Slate Grocery REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $859.6 Mil. Slate Grocery REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $687.4 Mil. Slate Grocery REIT's debt to equity for the quarter that ended in Dec. 2023 was 1.69.

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

TSX:SGR.U' s Debt-to-Equity Range Over the Past 10 Years
Min: -213.13 Med: 1.82 Max: 26.66
Current: 1.69

During the past 12 years, the highest Debt-to-Equity Ratio of Slate Grocery REIT was 26.66. The lowest was -213.13. And the median was 1.82.

TSX:SGR.U's Debt-to-Equity is ranked worse than
85.46% of 674 companies
in the REITs industry
Industry Median: 0.78 vs TSX:SGR.U: 1.69

Slate Grocery REIT Debt-to-Equity Historical Data

The historical data trend for Slate Grocery 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.

Slate Grocery REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.96

1.60

1.52

1.53

1.69

Slate Grocery REIT 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																1.53	1.60	1.61	1.63	1.69

Competitive Comparison

For the REIT - Retail subindustry, Slate Grocery 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.

Slate Grocery REIT Debt-to-Equity Distribution

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

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

Slate Grocery REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Slate Grocery 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
	=	(302.119	+	859.637)	/	687.443
	=	1.69

Slate Grocery 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
	=	(302.119	+	859.637)	/	687.443
	=	1.69

Slate Grocery REIT (TSX:SGR.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.

Slate Grocery REIT Debt-to-Equity Related Terms

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Slate Grocery REIT (TSX:SGR.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Slate Grocery REIT (TSX:SGR.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SRRTF:USA SGR.UN:Canada

Address

121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9

Website

https://www.slateretailreit.com

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Westin Centre, Glenlake Plaza, Prairie Point, and others.

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