Equites Property Fund (JSE:EQU) Debt-to-Equity : 0.90 (As of Feb. 2024)

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What is Equites Property Fund Debt-to-Equity?

Equites Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R2,632 Mil. Equites Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R9,468 Mil. Equites Property Fund's Total Stockholders Equity for the quarter that ended in Feb. 2024 was R13,383 Mil. Equites Property Fund's debt to equity for the quarter that ended in Feb. 2024 was 0.90.

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

JSE:EQU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.44 Max: 0.9
Current: 0.9

During the past 10 years, the highest Debt-to-Equity Ratio of Equites Property Fund was 0.90. The lowest was 0.10. And the median was 0.44.

JSE:EQU's Debt-to-Equity is ranked worse than
59.52% of 672 companies
in the REITs industry
Industry Median: 0.78 vs JSE:EQU: 0.90

Equites Property Fund Debt-to-Equity Historical Data

The historical data trend for Equites 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.

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Equites Property Fund Debt-to-Equity Chart

Equites Property Fund Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.49

0.63

0.62

0.87

0.90

Equites Property Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.62	0.64	0.87	0.96	0.90

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

For the REIT - Industrial subindustry, Equites 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.

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

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

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

Equites Property Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Equites Property Fund's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 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
	=	(2631.904	+	9468.043)	/	13383.223
	=	0.90

Equites Property Fund's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(2631.904	+	9468.043)	/	13383.223
	=	0.90

Equites Property Fund (JSE:EQU) 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.

Equites Property Fund Debt-to-Equity Related Terms

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

Equites Property Fund (JSE:EQU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Bree Street, 14th Floor, Portside Towers, Cape Town, WC, ZAF, 8001

Website

https://www.equites.co.za

Equites Property Fund Ltd is a real estate investment trust based in South Africa. It is engaged in the investment in and development of commercial properties in the industrial sector. The group has assessed its operations and determined its segments in line with the clear geographic distinction between South Africa and the United Kingdom. SA Industrial segment generates the revenue.

Equites Property Fund (JSE:EQU) Headlines

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