Starlight US Residential Fund (TSXV:SURF.A) Debt-to-Equity : 9.45 (As of Dec. 2024)

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What is Starlight US Residential Fund Debt-to-Equity?

Starlight US Residential Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$127.74 Mil. Starlight US Residential Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$539.67 Mil. Starlight US Residential Fund's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$70.63 Mil. Starlight US Residential Fund's debt to equity for the quarter that ended in Dec. 2024 was 9.45.

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 Starlight US Residential Fund's Debt-to-Equity or its related term are showing as below:

TSXV:SURF.A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 3.15 Max: 9.45
Current: 9.45

During the past 4 years, the highest Debt-to-Equity Ratio of Starlight US Residential Fund was 9.45. The lowest was 0.92. And the median was 3.15.

TSXV:SURF.A's Debt-to-Equity is ranked worse than
98.6% of 712 companies
in the REITs industry
Industry Median: 0.79 vs TSXV:SURF.A: 9.45

Starlight US Residential Fund Debt-to-Equity Historical Data

The historical data trend for Starlight US Residential Fund'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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Starlight US Residential Fund Debt-to-Equity Chart

Starlight US Residential Fund Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

0.92

2.15

4.15

9.45

Starlight US Residential Fund Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial									4.15	4.61	4.82	5.10	9.45

Competitive Comparison of Starlight US Residential Fund's Debt-to-Equity

For the REIT - Residential subindustry, Starlight US Residential Fund'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.

Starlight US Residential Fund's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Starlight US Residential Fund's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Starlight US Residential Fund's Debt-to-Equity falls into.

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Starlight US Residential Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Starlight US Residential Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(127.743	+	539.672)	/	70.627
	=	9.45

Starlight US Residential Fund's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(127.743	+	539.672)	/	70.627
	=	9.45

Starlight US Residential Fund (TSXV:SURF.A) 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.

Starlight US Residential Fund Debt-to-Equity Related Terms

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

Starlight US Residential Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Starlight US Residential Fund (TSXV:SURF.A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SURF.U:Canada

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.starlightinvest.com

Starlight US Residential Fund is a closed-end trust. It is engaged in directly or indirectly acquiring, owning and operating a portfolio composed of income-producing residential properties and single-family rental homes in the United States (U.S.) residential real estate market. The fund's objective is to enhance its assets' value through active management before disposition.

Starlight US Residential Fund Headlines

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