Redefine Properties (JSE:RDF) Debt-to-Equity : 0.83 (As of Feb. 2024)

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What is Redefine Properties Debt-to-Equity?

Redefine Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R4,581 Mil. Redefine Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R38,926 Mil. Redefine Properties's Total Stockholders Equity for the quarter that ended in Feb. 2024 was R52,526 Mil. Redefine Properties's debt to equity for the quarter that ended in Feb. 2024 was 0.83.

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

JSE:RDF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 0.72 Max: 0.96
Current: 0.83

During the past 13 years, the highest Debt-to-Equity Ratio of Redefine Properties was 0.96. The lowest was 0.53. And the median was 0.72.

JSE:RDF's Debt-to-Equity is ranked worse than
53.1% of 678 companies
in the REITs industry
Industry Median: 0.785 vs JSE:RDF: 0.83

Redefine Properties Debt-to-Equity Historical Data

The historical data trend for Redefine Properties'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.

Redefine Properties Debt-to-Equity Chart

Redefine Properties Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.74

0.96

0.79

0.78

Redefine Properties 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															0.75	0.78	0.79	0.78	0.83

Competitive Comparison of Redefine Properties's Debt-to-Equity

For the REIT - Diversified subindustry, Redefine Properties'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.

Redefine Properties's Debt-to-Equity Distribution in the REITs Industry

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

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

Redefine Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Redefine Properties's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(5765.342	+	34868.286)	/	51938.922
	=	0.78

Redefine Properties'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
	=	(4580.855	+	38926.157)	/	52525.694
	=	0.83

Redefine Properties (JSE:RDF) 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.

Redefine Properties Debt-to-Equity Related Terms

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

Redefine Properties (JSE:RDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Redefine Properties Ltd (JSE:RDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.redefine.co.za

Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland .Within South Africa, over half of the company's properties are in the province of Gauteng in terms of total value. The group comprises of segments in the local portfolio, being office, retail, industrial, specialised and head office, and the international portfolio being EPP, Redefine Europe and other. Majority of revenue is generated from EPP, international portfolio.

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