Nova Net Lease REIT (Nova Net Lease REIT) Debt-to-Equity : 0.18 (As of Mar. 2024)

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What is Nova Net Lease REIT Debt-to-Equity?

Nova Net Lease REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.01 Mil. Nova Net Lease REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.92 Mil. Nova Net Lease REIT's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $10.68 Mil. Nova Net Lease REIT's debt to equity for the quarter that ended in Mar. 2024 was 0.18.

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 Nova Net Lease REIT's Debt-to-Equity or its related term are showing as below:

NNLRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.16 Max: 0.18
Current: 0.18

During the past 3 years, the highest Debt-to-Equity Ratio of Nova Net Lease REIT was 0.18. The lowest was 0.15. And the median was 0.16.

NNLRF's Debt-to-Equity is ranked better than
92.18% of 678 companies
in the REITs industry
Industry Median: 0.785 vs NNLRF: 0.18

Nova Net Lease REIT Debt-to-Equity Historical Data

The historical data trend for Nova Net Lease REIT'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.

Nova Net Lease REIT Debt-to-Equity Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.15

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	0.15	0.18

Competitive Comparison of Nova Net Lease REIT's Debt-to-Equity

For the REIT - Specialty subindustry, Nova Net Lease REIT'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.

Nova Net Lease REIT's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nova Net Lease REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nova Net Lease REIT's Debt-to-Equity falls into.

Nova Net Lease REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nova Net Lease REIT'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
	=	(0	+	1.92)	/	12.869
	=	0.15

Nova Net Lease REIT'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
	=	(0.005	+	1.919)	/	10.677
	=	0.18

Nova Net Lease REIT (OTCPK:NNLRF) 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.

Nova Net Lease REIT Debt-to-Equity Related Terms

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Nova Net Lease REIT (Nova Net Lease REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NNL.U:Canada

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

Nova Net Lease REIT (Nova Net Lease REIT) Headlines

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