Alexander's (Alexander's) Debt-to-Equity : 4.60 (As of Dec. 2023)

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What is Alexander's Debt-to-Equity?

Alexander's's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Alexander's's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,092.6 Mil. Alexander's's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $237.7 Mil. Alexander's's debt to equity for the quarter that ended in Dec. 2023 was 4.60.

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

ALX' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.95 Med: 3.72 Max: 5.69
Current: 4.6

During the past 13 years, the highest Debt-to-Equity Ratio of Alexander's was 5.69. The lowest was 2.95. And the median was 3.72.

ALX's Debt-to-Equity is ranked worse than
96.14% of 673 companies
in the REITs industry
Industry Median: 0.78 vs ALX: 4.60

Alexander's Debt-to-Equity Historical Data

The historical data trend for Alexander's'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.

Alexander's Debt-to-Equity Chart

Alexander's Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.83

5.69

4.31

4.61

4.60

Alexander's Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															4.61	4.94	4.11	4.34	4.60

Competitive Comparison of Alexander's's Debt-to-Equity

For the REIT - Retail subindustry, Alexander's'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.

Alexander's's Debt-to-Equity Distribution in the REITs Industry

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

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

Alexander's Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alexander's'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
	=	(0	+	1092.551)	/	237.657
	=	4.60

Alexander's'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
	=	(0	+	1092.551)	/	237.657
	=	4.60

Alexander's (NYSE:ALX) 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.

Alexander's Debt-to-Equity Related Terms

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Alexander's (Alexander's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (NYSE:ALX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXE:Germany AXE:Germany

Address

210 Route 4 East, Paramus, NJ, USA, 07652

Website

https://www.alx-inc.com

Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.

Executives

Gary W. Hansen	officer: Chief Financial Officer	210 ROUTE 4 EAST, PARAMUS NJ 07652
Mandakini Puri	director	C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Wight Russell B Jr	director
Matthew Iocco	officer: Chief Financial Officer	888 7TH AVENUE, NEW YORK NY 10019
Wendy Silverstein	director, .
Properties Interstate	10 percent owner	C/O VORNADO REALTY TRUST, 888 SEVENTH AVENUE, NEW YORK NY 10019
Thomas R Dibenedetto	director
David Mandelbaum	director, 10 percent owner
Arthur Sonnenblick	director	888 SEVENTH AVE, NEW YORK NY 10019
Steven Roth	director, 10 percent owner, officer: Chairman & CEO
Neil Underberg	director	888 SEVENTH AVE, NEW YORK NY 10019
Richard R West	director
Joseph Macnow	officer: CFO/EVP - Fin. & Admin.
Michael D Fascitelli	director, officer: President	MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Stephen Mann	director	450 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022