Goodman Property Trust (NZSE:GMT) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Goodman Property Trust Debt-to-Equity?

Goodman Property Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$304.9 Mil. Goodman Property Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$1,219.3 Mil. Goodman Property Trust's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$3,099.1 Mil. Goodman Property Trust's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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

NZSE:GMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.41 Max: 0.61
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of Goodman Property Trust was 0.61. The lowest was 0.24. And the median was 0.41.

NZSE:GMT's Debt-to-Equity is ranked better than
78.04% of 674 companies
in the REITs industry
Industry Median: 0.785 vs NZSE:GMT: 0.46

Goodman Property Trust Debt-to-Equity Historical Data

The historical data trend for Goodman Property Trust'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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Goodman Property Trust Debt-to-Equity Chart

Goodman Property Trust Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.29

0.27

0.30

0.39

0.49

Goodman Property Trust Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.35	0.39	0.46	0.49

Competitive Comparison of Goodman Property Trust's Debt-to-Equity

For the REIT - Industrial subindustry, Goodman Property Trust'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.

Goodman Property Trust's Debt-to-Equity Distribution in the REITs Industry

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

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

Goodman Property Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goodman Property Trust's Debt to Equity Ratio for the fiscal year 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
	=	(304.9	+	1219.3)	/	3099.1
	=	0.49

Goodman Property Trust'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
	=	(304.9	+	1219.3)	/	3099.1
	=	0.49

Goodman Property Trust (NZSE:GMT) 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.

Goodman Property Trust Debt-to-Equity Related Terms

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Goodman Property Trust (NZSE:GMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Goodman Property Trust (NZSE:GMT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Hayesbery, 1-11 Hayes Road, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Property Trust is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment strategy is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.

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