Elme Communities (FRA:WRI) Debt-to-Asset : 0.36 (As of Mar. 2024)

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What is Elme Communities Debt-to-Asset?

Elme Communities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €147.2 Mil. Elme Communities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €480.7 Mil. Elme Communities's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €1,726.4 Mil. Elme Communities's debt to asset for the quarter that ended in Mar. 2024 was 0.36.

Elme Communities Debt-to-Asset Historical Data

The historical data trend for Elme Communities's Debt-to-Asset 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.

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Elme Communities Debt-to-Asset Chart

Elme Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.42

0.41

0.27

0.30

0.36

Elme Communities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.30	0.35	0.36	0.36

Competitive Comparison of Elme Communities's Debt-to-Asset

For the REIT - Residential subindustry, Elme Communities's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Elme Communities's Debt-to-Asset Distribution in the REITs Industry

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

* The bar in red indicates where Elme Communities's Debt-to-Asset falls into.

Elme Communities Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Elme Communities's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(143.969	+	478.99)	/	1742.326
	=	0.36

Elme Communities's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(147.2	+	480.736)	/	1726.416
	=	0.36

Elme Communities (FRA:WRI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Elme Communities Debt-to-Asset Related Terms

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Elme Communities (FRA:WRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Elme Communities (FRA:WRI) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

ELME:USA

Address

1775 Eye Street North West, Suite 1000, Washington, DC, USA, 20006

Website

https://www.elmecommunities.com

Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.