Vornado Realty Trust (Vornado Realty Trust) Debt-to-Equity

: 1.63 (As of Dec. 2023)

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Vornado Realty Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $575 Mil. Vornado Realty Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,409 Mil. Vornado Realty Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,509 Mil. Vornado Realty Trust's debt to equity for the quarter that ended in Dec. 2023 was 1.63.

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 Vornado Realty Trust's Debt-to-Equity or its related term are showing as below:

VNO' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.17 Med: 1.5 Max: 2.24
Current: 1.63

During the past 13 years, the highest Debt-to-Equity Ratio of Vornado Realty Trust was 2.24. The lowest was 1.17. And the median was 1.50.

VNO's Debt-to-Equity is ranked worse than
84.42% of 674 companies
in the REITs industry
Industry Median: 0.78 vs VNO: 1.63

Vornado Realty Trust Debt-to-Equity Historical Data

The historical data trend for Vornado Realty Trust'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.

Vornado Realty Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.17

1.19

1.44

1.56

1.63

Vornado Realty Trust 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																1.56	1.59	1.57	1.55	1.63

Competitive Comparison

For the REIT - Office subindustry, Vornado Realty Trust'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.

Vornado Realty Trust Debt-to-Equity Distribution

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

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

Vornado Realty Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vornado Realty Trust'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
	=	(575	+	8409.311)	/	5509.064
	=	1.63

Vornado Realty Trust'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
	=	(575	+	8409.311)	/	5509.064
	=	1.63

Vornado Realty Trust (NYSE:VNO) 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.

Vornado Realty Trust Debt-to-Equity Related Terms

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

Vornado Realty Trust (Vornado Realty Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vornado Realty Trust (NYSE:VNO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VNOpO.PFD:USA VNOPN.PFD:USA VNOpM.PFD:USA VNORP.PFD:USA VNOpL.PFD:USA VO7:Germany V1NO34:Brazil

Address

888 Seventh Avenue, New York, NY, USA, 10019

Website

https://www.vno.com

Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.

Executives

Michael D Fascitelli	director, officer: President	MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Wight Russell B Jr	director
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Deirdre K. Maddock	officer: SVP - Chief Accounting Officer	210 ROUTE 4 EAST, 210 W RTE 4 EAST, PARAMUS NJ 07652
Beatrice Hamza Bassey	director	2188 LEDGE ROCK LANE, HENDERSON NV 89052
William W Helman	director	GREYLOCK, 880 WINTER ST SUITE 300, WALTHAM MA 02451
Barry Langer	officer: EVP - Dev. Co-Head of R.E.	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Glen J. Weiss	officer: EVP- Off Leasing Co- Head R.E.	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Haim Chera	officer: EVP- Head of Retail	C/O VORNADO REALTY TRUST, 888 7TH AVENUE, NEW YORK NY 10019
Joseph Macnow	officer: Exec. VP--Finance, CFO
Matthew Iocco	officer: EVP - Principal Accounting Off	888 7TH AVENUE, NEW YORK NY 10019
Mitchell N Schear	officer: President - Smith Division
Mandakini Puri	director	C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Daniel R Tisch	director	460 PARK AVENUE, NEW YORK NY 10022
Wendy Silverstein	officer: Exec VP-Capital Markets