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AFC Gamma's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.00 Mil. AFC Gamma's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $88.02 Mil. AFC Gamma's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $320.05 Mil. AFC Gamma's debt to equity for the quarter that ended in Dec. 2023 was 0.41.
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 AFC Gamma's Debt-to-Equity or its related term are showing as below:
During the past 4 years, the highest Debt-to-Equity Ratio of AFC Gamma was 0.63. The lowest was 0.41. And the median was 0.46.
The historical data trend for AFC Gamma'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.
AFC Gamma Annual Data | |||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |
Debt-to-Equity | - | 0.63 | 0.46 | 0.41 |
For the REIT - Specialty subindustry, AFC Gamma'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.
For the REITs industry and Real Estate sector, AFC Gamma's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where AFC Gamma's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
AFC Gamma'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 | |
= | (42 | + | 88.015) | / | 320.052 | |
= | 0.41 |
AFC Gamma'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 | |
= | (42 | + | 88.015) | / | 320.052 | |
= | 0.41 |
* 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.
AFC Gamma (NAS:AFCG) 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.
Thank you for viewing the detailed overview of AFC Gamma's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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