Washington Prime Group (Washington Prime Group) Debt-to-Equity : 2.61 (As of Jun. 2021)

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What is Washington Prime Group Debt-to-Equity?

Washington Prime Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. Washington Prime Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $1,170.71 Mil. Washington Prime Group's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $448.35 Mil. Washington Prime Group's debt to equity for the quarter that ended in Jun. 2021 was 2.61.

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 Washington Prime Group's Debt-to-Equity or its related term are showing as below:

WPGIQ.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 3.07 Max: 5.97
Current: 2.61

During the past 9 years, the highest Debt-to-Equity Ratio of Washington Prime Group was 5.97. The lowest was 0.59. And the median was 3.07.

WPGIQ.PFD's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78 vs WPGIQ.PFD: 2.61

Washington Prime Group Debt-to-Equity Historical Data

The historical data trend for Washington Prime Group'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.

Washington Prime Group Debt-to-Equity Chart

Washington Prime Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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3.21

2.64

2.94

3.84

5.97

Washington Prime Group Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															4.71	4.99	5.97	5.88	2.61

Competitive Comparison of Washington Prime Group's Debt-to-Equity

For the REIT - Retail subindustry, Washington Prime Group'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.

Washington Prime Group's Debt-to-Equity Distribution in the REITs Industry

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

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

Washington Prime Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Washington Prime Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(639.976	+	2581.499)	/	539.85
	=	5.97

Washington Prime Group's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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	+	1170.714)	/	448.347
	=	2.61

Washington Prime Group (OTCPK:WPGIQ.PFD) 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.

Washington Prime Group Debt-to-Equity Related Terms

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

Washington Prime Group (Washington Prime Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Washington Prime Group Inc (OTCPK:WPGIQ.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 East Broad Street, Columbus, OH, USA, 43215

Website

http://www.washingtonprime.com

Washington Prime Group Inc is a self-managed real estate investment trust that invests in, manages, and develops retail properties. The company's portfolio consists of community shopping centres and malls across the United States, with most properties located in Texas, Ohio, Indiana, Illinois, and Florida. It generates the majority of revenue from leasing properties to tenants, which include department stores, restaurants, homeware and furniture stores, entertainment venues, general retailers, and cosmetic stores.

Executives

Stephan Gerber	officer: Senior VP, Property Mgmt.	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Joshua Lindimore	officer: Senior VP, Head of Leasing	C/O WASHINGTON PRIME GROUP, 180 EAST BROAD STREET, COLUMBUS OH 43215
Armand Mastropietro	officer: Exec VP, Property Management	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Paul S Ajdaharian	officer: Exec VP, Head of Open Air Ctrs	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory E Zimmerman	officer: Exec VP, Development	909 WALNUT, SUITE 200, KANSAS CITY MO 64106
J. Taggart Birge	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Von Blucher Sheryl G.	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John F Levy	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
John J Dillon	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Gregory A Gorospe	officer: EVP, General Counsel,Secretary	180 EAST BROAD STREET, COLUMBUS OH 43215
Farinaz S Tehrani	officer: EVP, Legal & Compliance	180 EAST BROAD STREET, COLUMBUS OH 43215
Michael P Glimcher	director, officer: Vice Chairman and CEO	C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Mark Edward Yale	officer: EVP, CFO	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Melissa A. Indest	officer: CAO and SVP,Finance	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Niles C Overly	director	180 EAST BROAD STREET, COLUMBUS OH 43215