Mirvac Group (ASX:MGR) Debt-to-Equity : 0.47 (As of Dec. 2023)

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What is Mirvac Group Debt-to-Equity?

Mirvac Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$183 Mil. Mirvac Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$4,548 Mil. Mirvac Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$10,172 Mil. Mirvac Group's debt to equity for the quarter that ended in Dec. 2023 was 0.47.

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

ASX:MGR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.39 Max: 0.48
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Mirvac Group was 0.48. The lowest was 0.35. And the median was 0.39.

ASX:MGR's Debt-to-Equity is ranked better than
76.52% of 673 companies
in the REITs industry
Industry Median: 0.78 vs ASX:MGR: 0.47

Mirvac Group Debt-to-Equity Historical Data

The historical data trend for Mirvac 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.

Mirvac Group Debt-to-Equity Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.35

0.43

0.38

0.39

0.43

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.39	0.39	0.43	0.47

Competitive Comparison of Mirvac Group's Debt-to-Equity

For the REIT - Diversified subindustry, Mirvac 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.

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

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

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

Mirvac Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mirvac Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(258	+	4282)	/	10557
	=	0.43

Mirvac Group'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
	=	(183	+	4548)	/	10172
	=	0.47

Mirvac Group (ASX:MGR) 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.

Mirvac Group Debt-to-Equity Related Terms

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

Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

Mirvac Group (ASX:MGR) Headlines

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