Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Prospect Logistics and Industrial Freehold and Leasehold REIT Debt-to-Equity?

Prospect Logistics and Industrial Freehold and Leasehold REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿0.0 Mil. Prospect Logistics and Industrial Freehold and Leasehold REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ฿1,693.9 Mil. Prospect Logistics and Industrial Freehold and Leasehold REIT's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ฿3,475.2 Mil. Prospect Logistics and Industrial Freehold and Leasehold REIT's debt to equity for the quarter that ended in Mar. 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 Prospect Logistics and Industrial Freehold and Leasehold REIT's Debt-to-Equity or its related term are showing as below:

BKK:PROSPECT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.44 Max: 0.49
Current: 0.49

During the past 4 years, the highest Debt-to-Equity Ratio of Prospect Logistics and Industrial Freehold and Leasehold REIT was 0.49. The lowest was 0.41. And the median was 0.44.

BKK:PROSPECT's Debt-to-Equity is ranked better than
74.26% of 672 companies
in the REITs industry
Industry Median: 0.78 vs BKK:PROSPECT: 0.49

Prospect Logistics and Industrial Freehold and Leasehold REIT Debt-to-Equity Historical Data

The historical data trend for Prospect Logistics and Industrial Freehold and 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.

Prospect Logistics and Industrial Freehold and Leasehold REIT Debt-to-Equity Chart

Prospect Logistics and Industrial Freehold and Leasehold REIT Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.42

0.43

0.41

0.49

Prospect Logistics and Industrial Freehold and Leasehold REIT Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.49	0.48	0.48	0.49	0.49

Competitive Comparison of Prospect Logistics and Industrial Freehold and Leasehold REIT's Debt-to-Equity

For the REIT - Industrial subindustry, Prospect Logistics and Industrial Freehold and 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.

Prospect Logistics and Industrial Freehold and Leasehold REIT's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Prospect Logistics and Industrial Freehold and Leasehold REIT's Debt-to-Equity falls into.

Prospect Logistics and Industrial Freehold and Leasehold REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prospect Logistics and Industrial Freehold and 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
	=	(28.356	+	1672.018)	/	3485.837
	=	0.49

Prospect Logistics and Industrial Freehold and Leasehold REIT's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	1693.948)	/	3475.238
	=	0.49

Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) 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.

Prospect Logistics and Industrial Freehold and Leasehold REIT Debt-to-Equity Related Terms

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

Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surawong Road, No.345, Surawong Building, 5th Floor, Suriyawong Subdistrict, Bangrak, Bangkok, THA, 10500

Website

https://www.prospectrm.com

Prospect Logistics and Industrial Freehold and Leasehold REIT is a real estate investment trust operating as a close end trust. The company sublease rights of land and properties of Bangkok Free Trade Zone project which includes warehouses and factories for rent.

Prospect Logistics and Industrial Freehold and Leasehold REIT (BKK:PROSPECT) Headlines

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