Scentre Group (ASX:SCG) Debt-to-Equity : 0.88 (As of Dec. 2023)

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What is Scentre Group Debt-to-Equity?

Scentre Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$1,845 Mil. Scentre Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$13,866 Mil. Scentre Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$17,841 Mil. Scentre Group's debt to equity for the quarter that ended in Dec. 2023 was 0.88.

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

ASX:SCG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.76 Max: 0.88
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Scentre Group was 0.88. The lowest was 0.58. And the median was 0.76.

ASX:SCG's Debt-to-Equity is ranked worse than
58.57% of 671 companies
in the REITs industry
Industry Median: 0.78 vs ASX:SCG: 0.88

Scentre Group Debt-to-Equity Historical Data

The historical data trend for Scentre 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.

Scentre Group Debt-to-Equity Chart

Scentre Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.63

0.87

0.81

0.86

0.88

Scentre 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	0.80	0.86	0.87	0.88

Competitive Comparison of Scentre Group's Debt-to-Equity

For the REIT - Retail subindustry, Scentre 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.

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

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

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

Scentre Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scentre Group'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
	=	(1845	+	13865.6)	/	17841.3
	=	0.88

Scentre 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
	=	(1845	+	13865.6)	/	17841.3
	=	0.88

Scentre Group (ASX:SCG) 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.

Scentre Group Debt-to-Equity Related Terms

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Scentre Group (ASX:SCG) Business Description

Industry

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Traded in Other Exchanges

STGPF:USA

Address

85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000

Website

https://www.scentregroup.com

Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.