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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Hudson Pacific Properties's Degree of Financial Leverage for the quarter that ended in Mar. 2024 was -3.12. The higher Degree of Financial Leverage, the more volatile earnings will be.
The industry rank for Hudson Pacific Properties's Degree of Financial Leverage or its related term are showing as below:
The historical data trend for Hudson Pacific Properties's Degree of Financial Leverage 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.
Hudson Pacific Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Degree of Financial Leverage | Get a 7-Day Free Trial | 3.18 | - | - | 85.19 | -3.96 |
Hudson Pacific Properties Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Degree of Financial Leverage | Get a 7-Day Free Trial | 25.18 | 74.06 | -16.79 | -3.96 | -3.12 |
For the REIT - Office subindustry, Hudson Pacific Properties's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.
For the REITs industry and Real Estate sector, Hudson Pacific Properties's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Hudson Pacific Properties's Degree of Financial Leverage falls into.
Hudson Pacific Properties's Degree of Financial Leverage for the quarter that ended in Mar. 2024 is calculated as:
Degree of Financial Leverage | = | % Change in Earnings per Share (Diluted)** | / | % Change in EBIT |
= | ( -1.6 (Mar. 2024) / -0.4 (Mar. 2023) - 1 ) | / | ( 5.505 (Mar. 2024) / 143.69 (Mar. 2023) - 1 ) | |
= | 3 | / | -0.9617 | |
= | -3.12*** |
* 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Hudson Pacific Properties (NYSE:HPP) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Hudson Pacific Properties's Degree of Financial Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Arthur X. Suazo | officer: EVP, Leasing | 11601 WILSHIRE BOULEVARD, 6TH FLOOR, LOS ANGELES CA 90025 |
Drew Gordon | officer: Chief Investment Officer | 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025 |
Harout Krikor Diramerian | officer: Chief Accounting Officer | C/O HUDSON PACIFIC PROPERTIES, INC., 11601 WILSHIRE BLVD. SUITE 1600, LOS ANGELES CA 90025 |
Barry A Sholem | director | 2121 AVENUE OF THE STARS, LOS ANGELES CA 90067 |
Victor J Coleman | director, officer: Chief Executive Officer | HUDSON PACIFIC PROPERTIES INC., 11601 WILSHIRE BLVD SUITE 1600, LOS ANGELES CA 90025 |
Andy Wattula | officer: Chief Operating Officer | 11601 WILSHIRE BLVD., 9TH FLOOR, LOS ANGELES CA 90025 |
Mark T Lammas | officer: Chief Financial Officer | 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025 |
Mark David Linehan | director | 5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111 |
Harris Robert L Ii | director | C/O ACACIA RESEARCH CORP, 500 NEWPORT CENTER DRIVE, 7TH FLOOR, NEWPORT BEACH CA 92660 |
Jonathan M Glaser | director | 11601 WILSHIRE BLVD., SUITE 2180, LOS ANGELES CA 90025 |
Erinn Burnough | director | LANSDOWNE HOUSE, LANSDOWNE ROAD, FLAT 11, LONDON X0 W11 3LP |
Christopher James Barton | officer: EVP,Operations and Development | 11601 WILSHIRE BLVD., SUITE 1600, LOS ANGELES CA 90025 |
Richard B Fried | director, 10 percent owner, other: Member of Group Owning 10% | C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100, SAN FRANCISCO CA 94111 |
Barry Alan Porter | director | C/O CLARITY PARTNERS, 100 N. CRESCENT DR, SUITE 300, BEVERLY HILLS CA 90210 |
Karen Brodkin | director | 1136 GALLOWAY STREET, PACIFIC PALISADES CA 90272 |
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