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Asset PlusNZSE:APL -1.82%38 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates NZSE:APL with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 688 REITs companies, Asset Plus ranks worse than 145348.69% on this metric.
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 Asset Plus's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Asset Plus was 0.54. The lowest was 0.06. And the median was 0.43.
NZSE:APL's Debt-to-Equity is not ranked *
in the REITs industry.
Industry Median: 0.78 * Ranked among companies with meaningful Debt-to-Equity only.
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.
Asset Plus Debt-to-Equity Related Terms
Asset Plus Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: Debt-to-Equity Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Asset Plus's Debt-to-Equity falls into.
* 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.
Asset Plus (NZSE:APL) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asset Plus and its competitors. Over the past decade, Asset Plus' Debt-to-Equity has ranged from 0.06 to 0.54. According to the industry distribution chart, Asset Plus ranks #999999 out of 688 companies in the REITs industry.
Is Asset Plus' Debt-to-Equity too high?
Asset Plus' current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.54. Based on the distribution chart, Asset Plus ranks #999999 out of 688 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' Debt-to-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #999999 out of 688 companies for Debt-to-Equity. This places Asset Plus in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Historically, Asset Plus' own Debt-to-Equity has ranged from 0.06 to 0.54 over the past decade. 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 688 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. 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 Asset Plus 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. Asset Plus's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Asset Plus (NZSE:APL) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Asset Plus' overall GF Score™ is 38/100 with 2 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 Asset Plus (NZSE:APL), the current Debt-to-Equity is 0.00 as of Mar. 2026. 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.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
38GF Score
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