Globe Trade Centre (JSE:GTC) Debt-to-Equity : 1.25 (As of Mar. 2024)

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What is Globe Trade Centre Debt-to-Equity?

Globe Trade Centre's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R3,290.17 Mil. Globe Trade Centre's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R25,045.04 Mil. Globe Trade Centre's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R22,678.82 Mil. Globe Trade Centre's debt to equity for the quarter that ended in Mar. 2024 was 1.25.

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 Globe Trade Centre's Debt-to-Equity or its related term are showing as below:

JSE:GTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.19 Max: 1.89
Current: 1.25

During the past 13 years, the highest Debt-to-Equity Ratio of Globe Trade Centre was 1.89. The lowest was 1.04. And the median was 1.19.

JSE:GTC's Debt-to-Equity is ranked worse than
67.45% of 1579 companies
in the Real Estate industry
Industry Median: 0.75 vs JSE:GTC: 1.25

Globe Trade Centre Debt-to-Equity Historical Data

The historical data trend for Globe Trade Centre'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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Globe Trade Centre Debt-to-Equity Chart

Globe Trade Centre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.20

1.36

1.22

1.15

1.20

Globe Trade Centre Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.14	1.20	1.18	1.20	1.25

Competitive Comparison of Globe Trade Centre's Debt-to-Equity

For the Real Estate Services subindustry, Globe Trade Centre'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.

Globe Trade Centre's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Globe Trade Centre Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Globe Trade Centre's Debt to Equity Ratio for the fiscal year 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
	=	(930.624	+	25844.12)	/	22389.839
	=	1.20

Globe Trade Centre's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(3290.17	+	25045.039)	/	22678.82
	=	1.25

Globe Trade Centre (JSE:GTC) 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.

Globe Trade Centre Debt-to-Equity Related Terms

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

Globe Trade Centre (JSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Globe Trade Centre SA (JSE:GTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GTC:Poland

Address

Komitetu Obrony Robotnikow 45A, Nothus Building, Warsaw, POL, 02-146

Website

https://www.gtc.com.pl

Globe Trade Centre SA is a real estate investor and developer that focuses its business in Poland and several capital cities in Eastern Europe. The group operates in Poland, Belgrade, Hungary, Bucharest, Zagreb, and Sofia. The group manages a real estate portfolio that includes commercial buildings in the form of offices and retail space. The commercial property portfolio is actively managed by the group. In terms of geographic location, almost half of the company's revenue comes from Poland and the remaining is made up of other geographic areas.

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