Hospitality Property Fund (JSE:TSP) Debt-to-Equity: 0.34 (As of Sep. 2020) — 89% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Hospitality Property Fund Debt-to-Equity?

Hospitality Property Fund JSE:TSP 11 Debt-to-Equity is 0.34 as of Sep. 2020, which is 89% below its 10-year median of 3.22. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 warning signs investors should review.

Hospitality Property Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was R0.00 Mil. Hospitality Property Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was R2,574.10 Mil. Hospitality Property Fund's Total Stockholders Equity for the quarter that ended in Sep. 2020 was R7,507.89 Mil. Hospitality Property Fund's debt to equity for the quarter that ended in Sep. 2020 was 0.34.

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

JSE:TSP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18   Med: 3.22   Max: 9.39
Current: 0.34

During the past 11 years, the highest Debt-to-Equity Ratio of Hospitality Property Fund was 9.39. The lowest was 0.18. And the median was 3.22.

JSE:TSP's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78 vs JSE:TSP: 0.34

Hospitality Property Fund  (JSE:TSP) 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.


Hospitality Property Fund Debt-to-Equity Related Terms


Hospitality Property Fund Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Hospitality 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.

Hospitality Property Fund Debt-to-Equity Chart

Hospitality Property Fund Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Mar18 Mar19 Mar20
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.40 0.46 0.18 0.19 0.33

Hospitality Property Fund Semi-Annual Data
Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.19 0.23 0.33 0.34

JSE:TSP vs HST, PK, APLE: Debt-to-Equity Comparison

For the REIT - Hotel & Motel subindustry, Hospitality 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.


Hospitality Property Fund Debt-to-Equity vs REITs Industry

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

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



Hospitality Property Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hospitality Property Fund's Debt to Equity Ratio for the fiscal year that ended in Mar. 2020 is calculated as

Hospitality Property Fund's Debt to Equity Ratio for the quarter that ended in Sep. 2020 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.34 mean?
Hospitality Property Fund (JSE:TSP) has a Debt-to-Equity of 0.34 as of Sep. 2020. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hospitality Property Fund and its competitors. This is 89% below median its historical median of 3.22. Over the past decade, Hospitality Property Fund's Debt-to-Equity has ranged from 0.18 to 9.39.
Is Hospitality Property Fund's Debt-to-Equity too high?
Hospitality Property Fund's current Debt-to-Equity of 0.34 is 89% below median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 9.39. The REITs industry median Debt-to-Equity is 0.78. Hospitality Property Fund's value of 0.34 is 56.4% below this industry median. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Hospitality Property Fund's Debt-to-Equity compare to HST and PK?
Hospitality Property Fund's Debt-to-Equity of 0.34 can be compared against companies in the REITs industry. The industry median Debt-to-Equity is 0.78. Hospitality Property Fund's value of 0.34 is 56.4% below this benchmark. Historically, Hospitality Property Fund's own Debt-to-Equity has ranged from 0.18 to 9.39 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 0.78, Hospitality Property Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hospitality Property Fund's current Debt-to-Equity of 0.34 is 56.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Hospitality Property Fund and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hospitality Property Fund's current Debt-to-Equity is 0.34, which is 89% below median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hospitality Property Fund stock overvalued right now?
Hospitality Property Fund (JSE:TSP) has a current Debt-to-Equity of 0.34. The current Debt-to-Equity is 0.34, which is 89% below median its 10-year median of 3.22 and 56.4% below the REITs industry median of 0.78. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Hospitality Property Fund (JSE:TSP), the current Debt-to-Equity is 0.34 as of Sep. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hospitality Property Fund Business Description

Industry Real EstateREITs
Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055
Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.