MRVGF (Mirvac Group) Debt-to-Revenue : 1.32 (As of Jun. 2024)

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What is Mirvac Group Debt-to-Revenue?

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

Mirvac Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $126 Mil. Mirvac Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $2,849 Mil. Mirvac Group's annualized Revenue for the quarter that ended in Jun. 2024 was $2,256 Mil. Mirvac Group's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 1.32.

Mirvac Group Debt-to-Revenue Historical Data

The historical data trend for Mirvac Group'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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Mirvac Group Debt-to-Revenue Chart

Mirvac Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Revenue

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2.12

2.24

1.91

2.52

1.52

Mirvac Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Revenue	Get a 7-Day Free Trial															2.23	2.82	2.20	1.89	1.32

Competitive Comparison of Mirvac Group's Debt-to-Revenue

For the REIT - Diversified subindustry, Mirvac Group'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.

Mirvac Group's Debt-to-Revenue Distribution in the REITs Industry

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

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

Mirvac Group Debt-to-Revenue Calculation

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

Mirvac Group's Debt-to-Revenue for the fiscal year that ended in Jun. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(126.162	+	2848.606)	/	1958.831
	=	1.52

Mirvac Group's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(126.162	+	2848.606)	/	2256.308
	=	1.32

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 (Jun. 2024) Revenue data.

Mirvac Group Debt-to-Revenue Related Terms

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Mirvac Group Business Description

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MGR:Australia

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a quarter of EBIT in fiscal 2024, despite requiring only about less than 20% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots. After an expected trough in 2025 we forecast modest growth as Mirvac constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.