SAorate Real Estate (JSE:SAC) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is SAorate Real Estate Debt-to-Equity?

SAorate Real Estate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R665 Mil. SAorate Real Estate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R7,523 Mil. SAorate Real Estate's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R11,035 Mil. SAorate Real Estate's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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 SAorate Real Estate's Debt-to-Equity or its related term are showing as below:

JSE:SAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.56 Max: 0.74
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of SAorate Real Estate was 0.74. The lowest was 0.38. And the median was 0.56.

JSE:SAC's Debt-to-Equity is ranked better than
54.46% of 672 companies
in the REITs industry
Industry Median: 0.785 vs JSE:SAC: 0.74

SAorate Real Estate Debt-to-Equity Historical Data

The historical data trend for SAorate Real Estate'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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SAorate Real Estate Debt-to-Equity Chart

SAorate Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.66

0.62

0.63

0.74

SAorate Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	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															0.62	0.63	0.63	0.59	0.74

Competitive Comparison of SAorate Real Estate's Debt-to-Equity

For the REIT - Diversified subindustry, SAorate Real Estate'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.

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

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

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

SAorate Real Estate Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SAorate Real Estate'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
	=	(665.128	+	7523.276)	/	11034.9
	=	0.74

SAorate Real Estate'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
	=	(665.128	+	7523.276)	/	11034.9
	=	0.74

SAorate Real Estate (JSE:SAC) 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.

SAorate Real Estate Debt-to-Equity Related Terms

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

SAorate Real Estate (JSE:SAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SA Corporate Real Estate Ltd (JSE:SAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Lower Road and West Road South, GreenPark Corner, 16th Floor, Morningside, Johannesburg, GT, ZAF, 2196

Website

https://www.sacorporatefund.co.za

SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees.

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