MEFIC REIT (SAU:4346) Debt-to-Equity : 0.84 (As of Jun. 2023)

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What is MEFIC REIT Debt-to-Equity?

MEFIC REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼0.00 Mil. MEFIC REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼453.71 Mil. MEFIC REIT's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ﷼537.61 Mil. MEFIC REIT's debt to equity for the quarter that ended in Jun. 2023 was 0.84.

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

SAU:4346' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.72 Max: 0.88
Current: 0.84

During the past 5 years, the highest Debt-to-Equity Ratio of MEFIC REIT was 0.88. The lowest was 0.37. And the median was 0.72.

SAU:4346's Debt-to-Equity is ranked worse than
53.83% of 678 companies
in the REITs industry
Industry Median: 0.785 vs SAU:4346: 0.84

MEFIC REIT Debt-to-Equity Historical Data

The historical data trend for MEFIC 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.

MEFIC REIT Debt-to-Equity Chart

MEFIC REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.37

0.56

0.66

0.88

0.86

MEFIC REIT Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial					0.78	0.88	0.86	0.86	0.84

Competitive Comparison of MEFIC REIT's Debt-to-Equity

For the REIT - Diversified subindustry, MEFIC 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.

MEFIC REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

MEFIC REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MEFIC REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	452.008)	/	524.631
	=	0.86

MEFIC REIT's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	453.714)	/	537.611
	=	0.84

MEFIC REIT (SAU:4346) 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.

MEFIC REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MEFIC REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MEFIC REIT (SAU:4346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MEFIC REIT (SAU:4346) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7702 King Fahad Road, MEFIC Tower, 7th floor, Riyadh, SAU, 12333

Website

https://www.mefic.com.sa

MEFIC REIT is a real estate investment fund. The Fund's primary investment objective is to provide its unitholders with regular income by investing in income-generating properties assets located in Saudi Arabia and the Gulf countries. The Fund generally seeks to acquire or invest in hotel, commercial, administrative, office towers, and/or logistic, residential and/or mixed-use income-generating real estate assets.

MEFIC REIT (SAU:4346) Headlines

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