Spear REIT (JSE:SEA) Debt-to-Revenue : 2.33 (As of Feb. 2024)

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What is Spear REIT Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Spear REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R253.1 Mil. Spear REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was R1,247.6 Mil. Spear REIT's annualized Revenue for the quarter that ended in Feb. 2024 was R644.4 Mil. Spear REIT's annualized Debt-to-Revenue for the quarter that ended in Feb. 2024 was 2.33.

Spear REIT Debt-to-Revenue Historical Data

The historical data trend for Spear REIT's Debt-to-Revenue 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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Spear REIT Debt-to-Revenue Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Revenue

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3.29

3.97

3.11

2.70

2.44

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Revenue	Get a 7-Day Free Trial										3.10	1.74	2.73	0.02	2.33

Competitive Comparison of Spear REIT's Debt-to-Revenue

For the REIT - Diversified subindustry, Spear REIT's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Spear REIT's Debt-to-Revenue Distribution in the REITs Industry

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

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

Spear REIT Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Spear REIT's Debt-to-Revenue for the fiscal year that ended in Feb. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(253.111	+	1247.616)	/	615.893
	=	2.44

Spear REIT's annualized Debt-to-Revenue for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(253.111	+	1247.616)	/	644.388
	=	2.33

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Feb. 2024) Revenue data.

Spear REIT Debt-to-Revenue Related Terms

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Spear REIT (JSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

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