Spear REIT (JSE:SEA) Debt-to-Equity : 0.01 (As of Aug. 2023)

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What is Spear REIT Debt-to-Equity?

Spear REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R14.2 Mil. Spear REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was R0.0 Mil. Spear REIT's Total Stockholders Equity for the quarter that ended in Aug. 2023 was R2,594.5 Mil. Spear REIT's debt to equity for the quarter that ended in Aug. 2023 was 0.01.

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

JSE:SEA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.6 Max: 0.89
Current: 0.01

During the past 7 years, the highest Debt-to-Equity Ratio of Spear REIT was 0.89. The lowest was 0.00. And the median was 0.60.

JSE:SEA's Debt-to-Equity is ranked better than
99.85% of 672 companies
in the REITs industry
Industry Median: 0.785 vs JSE:SEA: 0.01

Spear REIT Debt-to-Equity Historical Data

The historical data trend for Spear 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.

Spear REIT Debt-to-Equity Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.66

0.70

0.89

0.67

0.60

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial									-	0.67	0.39	0.60	0.01

Competitive Comparison of Spear REIT's Debt-to-Equity

For the REIT - Diversified subindustry, Spear 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.

Spear REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Spear REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spear REIT's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(390.337	+	1175.273)	/	2594.408
	=	0.60

Spear REIT's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(14.219	+	0)	/	2594.473
	=	0.01

Spear REIT (JSE:SEA) 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.

Spear REIT Debt-to-Equity Related Terms

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

Spear REIT (JSE:SEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Residential, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Industrial segment.

Spear REIT (JSE:SEA) Headlines

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