Cromwell Property Group (ASX:CMW) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is Cromwell Property Group Debt-to-Equity?

Cromwell Property Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$287.5 Mil. Cromwell Property Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,290.5 Mil. Cromwell Property Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,888.1 Mil. Cromwell Property Group's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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 Cromwell Property Group's Debt-to-Equity or its related term are showing as below:

ASX:CMW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.82 Max: 0.9
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Cromwell Property Group was 0.90. The lowest was 0.62. And the median was 0.82.

ASX:CMW's Debt-to-Equity is ranked worse than
54.4% of 671 companies
in the REITs industry
Industry Median: 0.78 vs ASX:CMW: 0.84

Cromwell Property Group Debt-to-Equity Historical Data

The historical data trend for Cromwell Property Group'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.

Cromwell Property Group Debt-to-Equity Chart

Cromwell Property Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.62

0.85

0.82

0.81

0.83

Cromwell Property Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.81	0.81	0.81	0.83	0.84

Competitive Comparison of Cromwell Property Group's Debt-to-Equity

For the REIT - Office subindustry, Cromwell Property Group'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.

Cromwell Property Group's Debt-to-Equity Distribution in the REITs Industry

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

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

Cromwell Property Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cromwell Property Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(142.8	+	1681.3)	/	2212.2
	=	0.82

Cromwell Property Group'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
	=	(287.5	+	1290.5)	/	1888.1
	=	0.84

Cromwell Property Group (ASX:CMW) 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.

Cromwell Property Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cromwell Property Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Cromwell Property Group (ASX:CMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cromwell Property Group (ASX:CMW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

C4Q:Germany

Address

200 Mary Street, Level 19, Brisbane, QLD, AUS, 4000

Website

https://www.cromwellpropertygroup.com

Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working.

Cromwell Property Group (ASX:CMW) Headlines

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