Town Centre Securities (LSE:TOWN) Debt-to-Equity : 1.33 (As of Jun. 2024)

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What is Town Centre Securities Debt-to-Equity?

Town Centre Securities's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £22.53 Mil. Town Centre Securities's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £136.84 Mil. Town Centre Securities's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £119.64 Mil. Town Centre Securities's debt to equity for the quarter that ended in Jun. 2024 was 1.33.

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

LSE:TOWN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.98 Med: 1.06 Max: 1.46
Current: 1.33

During the past 13 years, the highest Debt-to-Equity Ratio of Town Centre Securities was 1.46. The lowest was 0.98. And the median was 1.06.

LSE:TOWN's Debt-to-Equity is ranked worse than
78.57% of 714 companies
in the REITs industry
Industry Median: 0.78 vs LSE:TOWN: 1.33

Town Centre Securities Debt-to-Equity Historical Data

The historical data trend for Town Centre Securities'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.

Town Centre Securities Debt-to-Equity Chart

Town Centre Securities Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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1.46

1.27

1.04

1.09

1.33

Town Centre Securities 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															1.04	0.93	1.09	1.30	1.33

Competitive Comparison of Town Centre Securities's Debt-to-Equity

For the REIT - Diversified subindustry, Town Centre Securities'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.

Town Centre Securities's Debt-to-Equity Distribution in the REITs Industry

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

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

Town Centre Securities Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Town Centre Securities'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
	=	(22.528	+	136.842)	/	119.637
	=	1.33

Town Centre Securities'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
	=	(22.528	+	136.842)	/	119.637
	=	1.33

Town Centre Securities (LSE:TOWN) 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.

Town Centre Securities Debt-to-Equity Related Terms

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Town Centre Securities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Town Centre Securities PLC (LSE:TOWN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOWNl:UK TOWN.GB:UK

Address

Town Centre House, The Merrion Centre, Leeds, GBR, LS2 8LY

Website

https://www.tcs-plc.co.uk

Town Centre Securities PLC is a United Kingdom-based company engaged in property investment, development, trading, and the provision of hotel and car parks. The company operates in four business segments comprising property rental, car park operations, hotel operations, and investments. Geographically their operations are performed wholly in the United Kingdom. It serves various sectors such as retail, leisure, office, car parking, distribution, and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives its revenue from the Property Rental segment.