Wharf Real Estate Investment Co (HKSE:01997) Debt-to-Equity : 0.20 (As of Dec. 2023)

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What is Wharf Real Estate Investment Co Debt-to-Equity?

Wharf Real Estate Investment Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$7,593 Mil. Wharf Real Estate Investment Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$29,832 Mil. Wharf Real Estate Investment Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$191,412 Mil. Wharf Real Estate Investment Co's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 Wharf Real Estate Investment Co's Debt-to-Equity or its related term are showing as below:

HKSE:01997' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.21 Max: 0.27
Current: 0.2

During the past 10 years, the highest Debt-to-Equity Ratio of Wharf Real Estate Investment Co was 0.27. The lowest was 0.18. And the median was 0.21.

HKSE:01997's Debt-to-Equity is ranked better than
79.23% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs HKSE:01997: 0.20

Wharf Real Estate Investment Co Debt-to-Equity Historical Data

The historical data trend for Wharf Real Estate Investment Co'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.

Wharf Real Estate Investment Co Debt-to-Equity Chart

Wharf Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.27

0.24

0.20

Wharf Real Estate Investment Co Semi-Annual Data
	Dec14	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													0.24	0.25	0.24	0.21	0.20

Competitive Comparison of Wharf Real Estate Investment Co's Debt-to-Equity

For the Real Estate Services subindustry, Wharf Real Estate Investment Co'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.

Wharf Real Estate Investment Co's Debt-to-Equity Distribution in the Real Estate Industry

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

* The bar in red indicates where Wharf Real Estate Investment Co's Debt-to-Equity falls into.

Wharf Real Estate Investment Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wharf Real Estate Investment Co'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
	=	(7593	+	29832)	/	191412
	=	0.20

Wharf Real Estate Investment Co'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
	=	(7593	+	29832)	/	191412
	=	0.20

Wharf Real Estate Investment Co (HKSE:01997) 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.

Wharf Real Estate Investment Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Wharf Real Estate Investment Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Wharf Real Estate Investment Co (HKSE:01997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wharf Real Estate Investment Co Ltd (HKSE:01997) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WRFRF:USA 4WF:Germany

Address

https://www.wharfreic.com/en/investor/reports, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG

Website

https://www.wharfreic.com

Wharf spun off Wharf Real Estate Investment Co in November 2017. It is a leading property investor with a focus in prime retail assets in Hong Kong. Rental income from two flagship assets Harbour City and Times Square account for around 80% of revenue. The balance is made up of The Murray hotel, a suburban mall in Plaza Hollywood, two offices in Central CBD. The group also holds two malls in Singapore and a mixed-development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city-center and waterfront locations. The Harbour City site was previously wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 45% stake in WREIC.

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