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Apple Hospitality REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $169 Mil. Apple Hospitality REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1,480 Mil. Apple Hospitality REIT's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $3,333 Mil. Apple Hospitality REIT's debt to equity for the quarter that ended in Jun. 2024 was 0.49.
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 Apple Hospitality REIT's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Apple Hospitality REIT was 0.63. The lowest was 0.20. And the median was 0.45.
The historical data trend for Apple Hospitality REIT'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.
Apple Hospitality REIT Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.47 | 0.56 | 0.49 | 0.47 | 0.45 |
Apple Hospitality REIT Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.48 | 0.47 | 0.45 | 0.48 | 0.50 |
For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT'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.
For the REITs industry and Real Estate sector, Apple Hospitality REIT's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Apple Hospitality REIT's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Apple Hospitality REIT'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 | |
= | (0 | + | 1483.386) | / | 3323.981 | |
= | 0.45 |
Apple Hospitality REIT's Debt to Equity Ratio for the quarter that ended in Jun. 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 | |
= | (169 | + | 1479.667) | / | 3332.97 | |
= | 0.49 |
* 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.
Apple Hospitality REIT (NYSE:APLE) 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.
Thank you for viewing the detailed overview of Apple Hospitality REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Redd Hugh | director | C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Glade M Knight | director, officer: Executive Chairman | 306 E MAINS T, RICHMOND VA 23219 |
Bunting Glenn W Jr | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Howard E. Woolley | director | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Elizabeth Perkins | officer: SVP & Chief Financial Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Justin G Knight | director, officer: CEO | 10 S THIRD ST, RICHMOND VA 23219 |
Nelson Knight | officer: President Real Estate & Invest | 814 E MAIN STREET, RICHMOND VA 23219 |
Blythe J Mcgarvie | director | HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074 |
Kristian M Gathright | director | 10 S THIRD ST, RICHMOND VA 23219 |
Carolyn B Handlon | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
Jon A Fosheim | director | DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487 |
Matthew Rash | officer: SVP & Chief Legal Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Rachel Labrecque | officer: SVP & Chief Accounting Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Jeanette Clarke | officer: SVP Chief Cap. Invest. Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Karen Catherine Gallagher | officer: SVP & Chief Operating Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
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