Mulkia Gulf Real Estate REIT (SAU:4336) Debt-to-Equity : 0.60 (As of Dec. 2023)

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What is Mulkia Gulf Real Estate REIT Debt-to-Equity?

Mulkia Gulf Real Estate REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.0 Mil. Mulkia Gulf Real Estate REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼477.0 Mil. Mulkia Gulf Real Estate REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼790.8 Mil. Mulkia Gulf Real Estate REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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 Mulkia Gulf Real Estate REIT's Debt-to-Equity or its related term are showing as below:

SAU:4336' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.57 Max: 0.98
Current: 0.6

During the past 7 years, the highest Debt-to-Equity Ratio of Mulkia Gulf Real Estate REIT was 0.98. The lowest was 0.25. And the median was 0.57.

SAU:4336's Debt-to-Equity is ranked better than
65.34% of 678 companies
in the REITs industry
Industry Median: 0.785 vs SAU:4336: 0.60

Mulkia Gulf Real Estate REIT Debt-to-Equity Historical Data

The historical data trend for Mulkia Gulf Real Estate 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.

Mulkia Gulf Real Estate REIT Debt-to-Equity Chart

Mulkia Gulf Real Estate REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.94

0.54

0.98

0.60

Mulkia Gulf Real Estate REIT Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.54	0.95	0.98	0.73	0.60

Competitive Comparison of Mulkia Gulf Real Estate REIT's Debt-to-Equity

For the REIT - Diversified subindustry, Mulkia Gulf Real Estate 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.

Mulkia Gulf Real Estate REIT's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Mulkia Gulf Real Estate REIT's Debt-to-Equity falls into.

Mulkia Gulf Real Estate REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mulkia Gulf Real Estate 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	+	476.968)	/	790.841
	=	0.60

Mulkia Gulf Real Estate REIT's Debt to Equity Ratio for the quarter 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	+	476.968)	/	790.841
	=	0.60

Mulkia Gulf Real Estate REIT (SAU:4336) 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.

Mulkia Gulf Real Estate REIT Debt-to-Equity Related Terms

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Mulkia Gulf Real Estate REIT (SAU:4336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mulkia Gulf Real Estate REIT (SAU:4336) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Mohammed Ibn Abdulaziz Road (Tahlia Street), P.O. Box 52775, Al-Olaya Area, Aknaz Commercial Center (184), Office (3), Riyadh, SAU, 11573

Website

https://www.mulkia.com.sa

Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The company is engaged in acquiring a number of income generating real estates, which are under four specific real estate assets in major cities within Saudi Arabia.

Mulkia Gulf Real Estate REIT (SAU:4336) Headlines

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