Bhiraj Office Leasehold REIT (BKK:BOFFICE) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is Bhiraj Office Leasehold REIT Debt-to-Equity?

Bhiraj Office Leasehold REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿0.0 Mil. Bhiraj Office Leasehold REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ฿2,218.0 Mil. Bhiraj Office Leasehold REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ฿7,183.0 Mil. Bhiraj Office Leasehold REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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 Bhiraj Office Leasehold REIT's Debt-to-Equity or its related term are showing as below:

BKK:BOFFICE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.33 Max: 0.34
Current: 0.31

During the past 6 years, the highest Debt-to-Equity Ratio of Bhiraj Office Leasehold REIT was 0.34. The lowest was 0.31. And the median was 0.33.

BKK:BOFFICE's Debt-to-Equity is ranked better than
87.82% of 673 companies
in the REITs industry
Industry Median: 0.78 vs BKK:BOFFICE: 0.31

Bhiraj Office Leasehold REIT Debt-to-Equity Historical Data

The historical data trend for Bhiraj Office Leasehold 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.

* Premium members only.

Bhiraj Office Leasehold REIT Debt-to-Equity Chart

Bhiraj Office Leasehold REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.31

0.33

0.31

Bhiraj Office Leasehold REIT 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															0.33	0.33	0.32	0.31	0.31

Competitive Comparison of Bhiraj Office Leasehold REIT's Debt-to-Equity

For the REIT - Office subindustry, Bhiraj Office Leasehold 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.

Bhiraj Office Leasehold REIT's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Bhiraj Office Leasehold REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bhiraj Office Leasehold REIT's Debt-to-Equity falls into.

Bhiraj Office Leasehold REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bhiraj Office Leasehold 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	+	2218.043)	/	7182.98
	=	0.31

Bhiraj Office Leasehold REIT'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
	=	(0	+	2218.043)	/	7182.98
	=	0.31

Bhiraj Office Leasehold REIT (BKK:BOFFICE) 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.

Bhiraj Office Leasehold REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Bhiraj Office Leasehold REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Bhiraj Office Leasehold REIT (BKK:BOFFICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Bhiraj Office Leasehold REIT (BKK:BOFFICE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit Road, 591 United Business Center II Building, 7th Floor, Khlong Tan Nuea, Wattana, Bangkok, THA, 10110

Website

https://www.bofficereit.com

Bhiraj Office Leasehold REIT is a closed-end real estate investment trust. The company invests in long-term leasehold rights in the office building area. Its objectives are to mobilize funds raised from the selling of trust units and the loan from the financial institution to invest in the leasehold right of Bhiraj Tower at EmQuartier project which comprises most of the office rental areas in Bhiraj Tower at EmQuartier and the associated operation areas. It operates in one segment namely lease of property investment in Thailand.

Bhiraj Office Leasehold REIT (BKK:BOFFICE) Headlines

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