Texton Property Fund (JSE:TEX) Debt-to-Equity : 0.52 (As of Jun. 2024)

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What is Texton Property Fund Debt-to-Equity?

Texton Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R835.2 Mil. Texton Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R152.2 Mil. Texton Property Fund's Total Stockholders Equity for the quarter that ended in Jun. 2024 was R1,918.8 Mil. Texton Property Fund's debt to equity for the quarter that ended in Jun. 2024 was 0.51.

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

JSE:TEX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.49 Max: 1.06
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Texton Property Fund was 1.06. The lowest was 0.00. And the median was 0.49.

JSE:TEX's Debt-to-Equity is ranked better than
71.29% of 714 companies
in the REITs industry
Industry Median: 0.78 vs JSE:TEX: 0.52

Texton Property Fund Debt-to-Equity Historical Data

The historical data trend for Texton 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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Texton Property Fund Debt-to-Equity Chart

Texton Property Fund Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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1.06

0.65

0.12

0.47

0.52

Texton Property Fund Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.52	0.47	0.59	0.52

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

For the REIT - Office subindustry, Texton 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.

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

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

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

Texton Property Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Texton Property Fund's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(835.231	+	152.197)	/	1918.794
	=	0.51

Texton Property Fund's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(835.231	+	152.197)	/	1918.794
	=	0.51

Texton Property Fund (JSE:TEX) 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.

Texton Property Fund Debt-to-Equity Related Terms

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Texton Property Fund Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Katherine Street, Block D, Vunani Office Park, Sandton, Johannesburg, GT, ZAF, 2031

Website

https://www.texton.co.za

Texton Property Fund Ltd is a property investment fund. It invests directly in income-producing office properties that offer attractive income and capital appreciation. The overall objective of the fund is to grow its asset base, by investing in well priced, income and quality enhancing investment properties to optimize returns over time for shareholders. It holds an interest in properties such as Alrode industrial park, Babcock House, Bawtry 270, Belvedere place, Bonmarche and Poundland, Bryanston gate office park, and many others. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and International investments. Direct property investments are split into office, retail and industrial.