Castleview Property Fund (JSE:CVW) Debt-to-Equity : 1.24 (As of Sep. 2023)

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What is Castleview Property Fund Debt-to-Equity?

Castleview Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R1,970 Mil. Castleview Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was R8,248 Mil. Castleview Property Fund's Total Stockholders Equity for the quarter that ended in Sep. 2023 was R8,270 Mil. Castleview Property Fund's debt to equity for the quarter that ended in Sep. 2023 was 1.24.

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

JSE:CVW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.05 Max: 1.35
Current: 1.24

During the past 5 years, the highest Debt-to-Equity Ratio of Castleview Property Fund was 1.35. The lowest was 0.75. And the median was 1.05.

JSE:CVW's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.785 vs JSE:CVW: 1.24

Castleview Property Fund Debt-to-Equity Historical Data

The historical data trend for Castleview Property Fund'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.

Castleview Property Fund Debt-to-Equity Chart

Castleview Property Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Debt-to-Equity

1.15

0.86

0.94

1.07

1.11

Castleview Property Fund Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						1.18	1.11	0.75	1.35	1.24

Competitive Comparison of Castleview Property Fund's Debt-to-Equity

For the REIT - Retail subindustry, Castleview Property Fund'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.

Castleview Property Fund's Debt-to-Equity Distribution in the REITs Industry

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

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

Castleview Property Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Castleview Property Fund's Debt to Equity Ratio for the fiscal year that ended in Feb. 2022 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	+	191.693)	/	172.438
	=	1.11

Castleview Property Fund's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1969.695	+	8247.999)	/	8270.103
	=	1.24

Castleview Property Fund (JSE:CVW) 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.

Castleview Property Fund Debt-to-Equity Related Terms

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Castleview Property Fund (JSE:CVW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Castleview Property Fund Ltd (JSE:CVW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13 Hudson Street, De Waterkant, Woodstock, Cape Town, WC, ZAF, 8001

Website

https://www.castleview.co.za

Castleview Property Fund Ltd is a property holding and investment company in South Africa. Principally, it invests in a diversified portfolio of retail properties situated in South Africa. The company also invests in regional shopping centers like Pier 14 Shopping Centre located in the Eastern Cape.

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