Manufactured Housing Properties (Manufactured Housing Properties) Debt-to-Equity : -3.81 (As of Sep. 2023)

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What is Manufactured Housing Properties Debt-to-Equity?

Manufactured Housing Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.35 Mil. Manufactured Housing Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $88.95 Mil. Manufactured Housing Properties's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-25.28 Mil. Manufactured Housing Properties's debt to equity for the quarter that ended in Sep. 2023 was -3.81.

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 Manufactured Housing Properties's Debt-to-Equity or its related term are showing as below:

MHPC' s Debt-to-Equity Range Over the Past 10 Years
Min: -74.71 Med: -6.72 Max: 2.28
Current: -3.81

During the past 13 years, the highest Debt-to-Equity Ratio of Manufactured Housing Properties was 2.28. The lowest was -74.71. And the median was -6.72.

MHPC's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs MHPC: -3.81

Manufactured Housing Properties Debt-to-Equity Historical Data

The historical data trend for Manufactured Housing Properties'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.

Manufactured Housing Properties Debt-to-Equity Chart

Manufactured Housing Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

-10.11

-10.72

-7.65

-7.36

-4.72

Manufactured Housing Properties Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-4.89	-4.72	-4.49	-15.59	-3.81

Competitive Comparison of Manufactured Housing Properties's Debt-to-Equity

For the Real Estate Services subindustry, Manufactured Housing Properties'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.

Manufactured Housing Properties's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Manufactured Housing Properties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manufactured Housing Properties's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(6.209	+	77.884)	/	-17.825
	=	-4.72

Manufactured Housing Properties's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(7.345	+	88.948)	/	-25.28
	=	-3.81

Manufactured Housing Properties (OTCPK:MHPC) 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.

Manufactured Housing Properties Debt-to-Equity Related Terms

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Manufactured Housing Properties (Manufactured Housing Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Manufactured Housing Properties Inc (OTCPK:MHPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Main Street, Pineville, NC, USA, 28134

Website

https://www.mhproperties.com

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

Executives

Vira Turchinyak	officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES, INC, 136 MAIN STREET, PINEVILLE NC 28134
Julia Pererva	officer: Chief Operating Officer	136 MAIN STREET, PINEVILLE NC 28134
Wardlaw John Waller Iii	director, officer: President	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
James Lambert Johnson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Chelsea Howlett Gee	officer: Vice President of Finance	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Richard M Gee	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Robert Joseph Jackson	10 percent owner	743 JETTON STREET, DAVIDSON NC 28036
Metrolina Loan Holdings, Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Andrew Coatley	officer: Chief Operating Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Terry Robertson	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Gvest Real Estate Capital Llc	10 percent owner	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
William Henry Carter	director	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Adam A Martin	officer: Chief Investment Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Raymond M Gee	director, 10 percent owner, officer: Chairman and CEO	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134
Michael Z Anise	director, officer: Chief Financial Officer	C/O MANUFACTURED HOUSING PROPERTIES INC., 136 MAIN STREET, PINEVILLE NC 28134