Hagag Group Real Estate Development (XTAE:HGG) Debt-to-Equity : 1.90 (As of Dec. 2023)

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What is Hagag Group Real Estate Development Debt-to-Equity?

Hagag Group Real Estate Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪1,459.0 Mil. Hagag Group Real Estate Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪658.5 Mil. Hagag Group Real Estate Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪1,113.5 Mil. Hagag Group Real Estate Development's debt to equity for the quarter that ended in Dec. 2023 was 1.90.

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 Hagag Group Real Estate Development's Debt-to-Equity or its related term are showing as below:

XTAE:HGG' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.2 Med: 1.88 Max: 4.11
Current: 1.9

During the past 11 years, the highest Debt-to-Equity Ratio of Hagag Group Real Estate Development was 4.11. The lowest was 1.20. And the median was 1.88.

XTAE:HGG's Debt-to-Equity is ranked worse than
81.21% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs XTAE:HGG: 1.90

Hagag Group Real Estate Development Debt-to-Equity Historical Data

The historical data trend for Hagag Group Real Estate Development'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.

Hagag Group Real Estate Development Debt-to-Equity Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.20

1.45

2.08

1.86

1.90

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.86	1.86	1.91	1.92	1.90

Competitive Comparison of Hagag Group Real Estate Development's Debt-to-Equity

For the Real Estate Services subindustry, Hagag Group Real Estate Development'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.

Hagag Group Real Estate Development's Debt-to-Equity Distribution in the Real Estate Industry

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

* The bar in red indicates where Hagag Group Real Estate Development's Debt-to-Equity falls into.

Hagag Group Real Estate Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hagag Group Real Estate Development'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
	=	(1459.001	+	658.546)	/	1113.536
	=	1.90

Hagag Group Real Estate Development'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
	=	(1459.001	+	658.546)	/	1113.536
	=	1.90

Hagag Group Real Estate Development (XTAE:HGG) 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.

Hagag Group Real Estate Development Debt-to-Equity Related Terms

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Hagag Group Real Estate Development (XTAE:HGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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