Mainstreet Equity (TSX:MEQ) Debt-to-Equity : 1.20 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Mainstreet Equity Debt-to-Equity?

Mainstreet Equity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$208.1 Mil. Mainstreet Equity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,491.6 Mil. Mainstreet Equity's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1,421.1 Mil. Mainstreet Equity's debt to equity for the quarter that ended in Mar. 2024 was 1.20.

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

TSX:MEQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 1.25 Max: 1.46
Current: 1.2

During the past 13 years, the highest Debt-to-Equity Ratio of Mainstreet Equity was 1.46. The lowest was 1.05. And the median was 1.25.

TSX:MEQ's Debt-to-Equity is ranked worse than
66.41% of 1587 companies
in the Real Estate industry
Industry Median: 0.76 vs TSX:MEQ: 1.20

Mainstreet Equity Debt-to-Equity Historical Data

The historical data trend for Mainstreet Equity'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.

Mainstreet Equity Debt-to-Equity Chart

Mainstreet Equity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

1.35

1.36

1.24

1.18

1.19

Mainstreet Equity Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.21	1.20	1.19	1.20	1.20

Competitive Comparison of Mainstreet Equity's Debt-to-Equity

For the Real Estate Services subindustry, Mainstreet Equity'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.

Mainstreet Equity's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Mainstreet Equity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mainstreet Equity's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(147.03	+	1418.783)	/	1319.244
	=	1.19

Mainstreet Equity'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
	=	(208.142	+	1491.645)	/	1421.146
	=	1.20

Mainstreet Equity (TSX:MEQ) 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.

Mainstreet Equity Debt-to-Equity Related Terms

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

Mainstreet Equity (TSX:MEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mainstreet Equity Corp (TSX:MEQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MEQYF:USA

Address

10th Avenue SE, Suite 305, Calgary, AB, CAN, T2G 0W2

Website

https://www.mainst.biz

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.

Executives

Richard Grimaldi

Director

Mainstreet Equity (TSX:MEQ) Headlines

No Headlines