Westfield (ASX:WDC) Debt-to-Equity : 0.69 (As of Dec. 2017)

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What is Westfield Debt-to-Equity?

Westfield's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2017 was A$7.82 Mil. Westfield's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2017 was A$9,595.64 Mil. Westfield's Total Stockholders Equity for the quarter that ended in Dec. 2017 was A$13,853.21 Mil. Westfield's debt to equity for the quarter that ended in Dec. 2017 was 0.69.

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

ASX:WDC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.77 Max: 1.01
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Westfield was 1.01. The lowest was 0.57. And the median was 0.77.

ASX:WDC's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.785 vs ASX:WDC: 0.69

Westfield Debt-to-Equity Historical Data

The historical data trend for Westfield'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.

Westfield Debt-to-Equity Chart

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Equity

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0.83

0.70

0.57

0.66

0.69

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.57	0.66	0.68	0.69

Competitive Comparison of Westfield's Debt-to-Equity

For the REIT - Retail subindustry, Westfield'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.

Westfield's Debt-to-Equity Distribution in the REITs Industry

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

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

Westfield Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westfield's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
	=	(7.821	+	9595.641)	/	13853.205
	=	0.69

Westfield's Debt to Equity Ratio for the quarter that ended in Dec. 2017 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
	=	(7.821	+	9595.641)	/	13853.205
	=	0.69

Westfield (ASX:WDC) 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.

Westfield Debt-to-Equity Related Terms

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Westfield (ASX:WDC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.