Mindspace Business Parks REIT (BOM:543217) Debt-to-Equity : 0.44 (As of Sep. 2023)

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What is Mindspace Business Parks REIT Debt-to-Equity?

Mindspace Business Parks REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹16,368 Mil. Mindspace Business Parks REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹47,703 Mil. Mindspace Business Parks REIT's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₹144,816 Mil. Mindspace Business Parks REIT's debt to equity for the quarter that ended in Sep. 2023 was 0.44.

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

BOM:543217' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.43 Max: 4.64
Current: 0.49

During the past 7 years, the highest Debt-to-Equity Ratio of Mindspace Business Parks REIT was 4.64. The lowest was 0.23. And the median was 0.43.

BOM:543217's Debt-to-Equity is ranked better than
74.55% of 672 companies
in the REITs industry
Industry Median: 0.78 vs BOM:543217: 0.49

Mindspace Business Parks REIT Debt-to-Equity Historical Data

The historical data trend for Mindspace Business Parks 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.

Mindspace Business Parks REIT Debt-to-Equity Chart

Mindspace Business Parks REIT Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.23

0.29

0.37

0.49

Mindspace Business Parks REIT Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													N/A	0.37	0.42	0.44	0.49

Competitive Comparison of Mindspace Business Parks REIT's Debt-to-Equity

For the REIT - Office subindustry, Mindspace Business Parks 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.

Mindspace Business Parks REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Mindspace Business Parks REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mindspace Business Parks REIT's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(20905	+	48951)	/	141689
	=	0.49

Mindspace Business Parks REIT'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
	=	(16368	+	47703)	/	144816
	=	0.44

Mindspace Business Parks REIT (BOM:543217) 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.

Mindspace Business Parks REIT Debt-to-Equity Related Terms

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Mindspace Business Parks REIT (BOM:543217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mindspace Business Parks REIT (BOM:543217) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MINDSPACE:India

Address

Plot No. C-30, Raheja Tower, Level 8, Block G, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.mindspacereit.com

Mindspace Business Parks REIT is a real estate investment company. It owns an office portfolio located in four key office markets such as Mumbai Region, Hyderabad, Pune and Chennai in India. The company's portfolio has five integrated business parks with superior infrastructure and amenities (such as restaurants, creches and outdoor sports arenas) and five quality independent offices.

Mindspace Business Parks REIT (BOM:543217) Headlines

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