ALE Property Group (ASX:LEP) Debt-to-Equity : 0.73 (As of Jun. 2021)

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What is ALE Property Group Debt-to-Equity?

ALE Property Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was A$0.00 Mil. ALE Property Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was A$540.89 Mil. ALE Property Group's Total Stockholders Equity for the quarter that ended in Jun. 2021 was A$742.98 Mil. ALE Property Group's debt to equity for the quarter that ended in Jun. 2021 was 0.73.

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 ALE Property Group's Debt-to-Equity or its related term are showing as below:

ASX:LEP's Debt-to-Equity is not ranked ^*
in the REITs industry.
Industry Median: 0.785
* Ranked among companies with meaningful Debt-to-Equity only.

ALE Property Group Debt-to-Equity Historical Data

The historical data trend for ALE Property Group'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.

ALE Property Group Debt-to-Equity Chart

ALE Property Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Debt-to-Equity

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0.89

0.85

0.87

0.94

0.73

ALE Property Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															0.87	0.87	0.94	0.86	0.73

Competitive Comparison of ALE Property Group's Debt-to-Equity

For the REIT - Hotel & Motel subindustry, ALE Property Group'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.

ALE Property Group's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ALE Property Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ALE Property Group's Debt-to-Equity falls into.

ALE Property Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ALE Property Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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	+	540.894)	/	742.984
	=	0.73

ALE Property Group's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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	+	540.894)	/	742.984
	=	0.73

ALE Property Group (ASX:LEP) 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.

ALE Property Group Debt-to-Equity Related Terms

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

ALE Property Group (ASX:LEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ALE Property Group (ASX:LEP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 28:02 Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.alegroup.com.au

ALE Property Group is an internally managed Australian real estate investment trust with a portfolio of 86 freehold pubs across Australia. It is a stapled entity comprising one trust and a company that acts as responsible entity. The portfolio is valued at more than AUD 1 billion: 48% in Victoria, 31% in Queensland, 14% in New South Wales, and small exposures to South Australia and Western Australia. All properties are leased to Australia's largest pub operator, Endeavour Group.

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