Kardan Israel (XTAE:KRDI) Debt-to-Equity : 1.99 (As of Dec. 2023)

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What is Kardan Israel Debt-to-Equity?

Kardan Israel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪371.1 Mil. Kardan Israel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪677.7 Mil. Kardan Israel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪527.9 Mil. Kardan Israel's debt to equity for the quarter that ended in Dec. 2023 was 1.99.

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 Kardan Israel's Debt-to-Equity or its related term are showing as below:

XTAE:KRDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.07 Max: 1.99
Current: 1.99

During the past 8 years, the highest Debt-to-Equity Ratio of Kardan Israel was 1.99. The lowest was 0.65. And the median was 1.07.

XTAE:KRDI's Debt-to-Equity is ranked worse than
82.53% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs XTAE:KRDI: 1.99

Kardan Israel Debt-to-Equity Historical Data

The historical data trend for Kardan Israel'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.

Kardan Israel Debt-to-Equity Chart

Kardan Israel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

1.07

1.30

1.79

1.99

Kardan Israel Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.79	1.91	1.85	1.95	1.99

Competitive Comparison of Kardan Israel's Debt-to-Equity

For the Real Estate Services subindustry, Kardan Israel'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.

Kardan Israel's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Kardan Israel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kardan Israel'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
	=	(371.101	+	677.667)	/	527.945
	=	1.99

Kardan Israel'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
	=	(371.101	+	677.667)	/	527.945
	=	1.99

Kardan Israel (XTAE:KRDI) 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.

Kardan Israel Debt-to-Equity Related Terms

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Kardan Israel (XTAE:KRDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kardan Israel Ltd (XTAE:KRDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

154 Menachem Begin Road, Tel Aviv, ISR, 64921

Website

http://www.kardan.com

Kardan Israel Ltd is an investment group. It develops and manages long term cash flow generating assets mainly in real estate, water infrastructure automotive, and high tech/telecom.

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