McGrath (ASX:MEA) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is McGrath Debt-to-Equity?

McGrath's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3.09 Mil. McGrath's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.67 Mil. McGrath's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$53.75 Mil. McGrath's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 McGrath's Debt-to-Equity or its related term are showing as below:

ASX:MEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.32 Max: 0.94
Current: 0.24

During the past 8 years, the highest Debt-to-Equity Ratio of McGrath was 0.94. The lowest was 0.06. And the median was 0.32.

ASX:MEA's Debt-to-Equity is ranked better than
75.6% of 1586 companies
in the Real Estate industry
Industry Median: 0.76 vs ASX:MEA: 0.24

McGrath Debt-to-Equity Historical Data

The historical data trend for McGrath'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.

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McGrath Debt-to-Equity Chart

McGrath Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.80

0.49

0.32

0.20

McGrath Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.38	0.32	-	0.20	0.24

Competitive Comparison of McGrath's Debt-to-Equity

For the Real Estate Services subindustry, McGrath'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.

McGrath's Debt-to-Equity Distribution in the Real Estate Industry

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

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

McGrath Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McGrath's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3.781	+	6.368)	/	52.086
	=	0.19

McGrath'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
	=	(3.089	+	9.669)	/	53.751
	=	0.24

McGrath (ASX:MEA) 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.

McGrath Debt-to-Equity Related Terms

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McGrath (ASX:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » McGrath Ltd (ASX:MEA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Pyrmont Street, Pyrmont, NSW, AUS, 2009

Website

https://www.mcgrath.com.au

McGrath Ltd is a real estate company. It provides a range of services including residential property sales, property management, mortgage broking, auction services, and career training. It operates in the following segments: Company owned sales; Company owned property management; Franchise services; and Other. Geographically, all the business activities of the group function through Australia. The majority of its revenue gets derived from Company owned sales segment that comprises company-owned sales offices for which McGrath earns sales commission revenue including property marketing fees paid by vendor clients.

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