PHPRF (Primary Health Properties) Debt-to-Equity: 1.30 (As of Dec. 2025) — 37% Above 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.

PHPRF Primary Health Properties PLC PHPRF
62 GF Score
Price $1.25
GF Value $3.40
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Primary Health Properties Debt-to-Equity?

Primary Health Properties PHPRF 62 Debt-to-Equity is 1.30 as of Dec. 2025, which is 37% above its 10-year median of 0.95. GuruFocus rates PHPRF with a GF Score™ of 62/100 and a GF Value™ of $3.40 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 689 REITs companies, Primary Health Properties ranks worse than 79.39% on this metric.

Primary Health Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $0.0 Mil. Primary Health Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $4,428.4 Mil. Primary Health Properties's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $3,419.0 Mil. Primary Health Properties's debt to equity for the quarter that ended in Dec. 2025 was 1.30.

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 Primary Health Properties's Debt-to-Equity or its related term are showing as below:

PHPRF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85   Med: 0.95   Max: 1.34
Current: 1.3

During the past 13 years, the highest Debt-to-Equity Ratio of Primary Health Properties was 1.34. The lowest was 0.85. And the median was 0.95.

PHPRF's Debt-to-Equity is ranked worse than
79.39% of 689 companies
in the REITs industry
Industry Median: 0.78 vs PHPRF: 1.30

Primary Health Properties  (OTCPK:PHPRF) 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.


Primary Health Properties Debt-to-Equity Related Terms


Primary Health Properties Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Primary Health Properties'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.

Primary Health Properties Debt-to-Equity Chart

Primary Health Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.88 0.93 0.97 1.30

Primary Health Properties Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.93 0.97 0.97 1.00 1.30

PHPRF vs WELL, VTR, DOC: Debt-to-Equity Comparison

For the REIT - Healthcare Facilities subindustry, Primary Health Properties'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.


Primary Health Properties Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Primary Health Properties's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Primary Health Properties's Debt-to-Equity falls into.


PHPRF
62GF Score
Primary Health Properties PLC PHPRF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primary Health Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primary Health Properties's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Primary Health Properties's Debt to Equity Ratio for the quarter that ended in Dec. 2025 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 1.30 mean?
Primary Health Properties (PHPRF) has a Debt-to-Equity of 1.30 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primary Health Properties and its competitors. This is 37% above median its historical median of 0.95. Over the past decade, Primary Health Properties' Debt-to-Equity has ranged from 0.85 to 1.34. According to the industry distribution chart, Primary Health Properties ranks #547 out of 689 companies in the REITs industry, placing it in the top 79.4%.
Is Primary Health Properties' Debt-to-Equity too high?
Primary Health Properties' current Debt-to-Equity of 1.30 is 37% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 1.34. The REITs industry median Debt-to-Equity is 0.78. Primary Health Properties' value of 1.30 is 66.7% above this industry median. Based on the distribution chart, Primary Health Properties ranks #547 out of 689 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Primary Health Properties has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Primary Health Properties' Debt-to-Equity compare to WELL and VTR?
According to the REITs industry distribution chart, Primary Health Properties ranks #547 out of 689 companies for Debt-to-Equity. This places Primary Health Properties in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Primary Health Properties' value of 1.30 is 66.7% above this benchmark. Historically, Primary Health Properties' own Debt-to-Equity has ranged from 0.85 to 1.34 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.78, Primary Health Properties has consistently been above 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 689 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. Primary Health Properties's current Debt-to-Equity of 1.30 is 66.7% above 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 Primary Health Properties 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. Primary Health Properties's current Debt-to-Equity is 1.30, which is 37% above median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Health Properties stock overvalued right now?
Based on GuruFocus' analysis, Primary Health Properties (PHPRF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.40, compared to a current price of $1.25 — trading 63.2% below its estimated fair value. The current Debt-to-Equity is 1.30, which is 37% above median its 10-year median of 0.95 and 66.7% above the REITs industry median of 0.78. Primary Health Properties' overall GF Score™ is 62/100 with 5 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 Primary Health Properties (PHPRF), the current Debt-to-Equity is 1.30 as of Dec. 2025. 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.

Is Primary Health Properties (PHPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Primary Health Properties stock appears to be undervalued. The current stock price of $1.25 is trading 63.2% below its estimated GF Value™ of $3.40. GuruFocus considers Primary Health Properties to be Possible Value Trap.

Key valuation signals for PHPRF:

  • Debt-to-Equity: 1.30 (37% above median its 10-year median of 0.95)
  • GF Value™: $3.40 vs. price of $1.25 (63.2% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 66.7% above the REITs median (#547 of 689)

No single metric tells the full story. See the PHPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Primary Health Properties Business Description

Industry Real EstateREITs
Address 15-16 Buckingham Street, 5th Floor, Burdett House, London, GBR, WC2N 6DU
Primary Health Properties PLC is a UK-based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its services include Acquisition and development, Property management, Landlord and tenant, Asset management, and Finance. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.
62GF Score

Get the complete analysis for PHPRF

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.25
Price
$3.40
GF Value