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SITE Centers (SITE Centers) Debt-to-Equity : 0.75 (As of Dec. 2023)


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What is SITE Centers Debt-to-Equity?

SITE Centers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. SITE Centers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,626.3 Mil. SITE Centers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,175.5 Mil. SITE Centers's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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 SITE Centers's Debt-to-Equity or its related term are showing as below:

SITC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75   Med: 0.97   Max: 1.49
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of SITE Centers was 1.49. The lowest was 0.75. And the median was 0.97.

SITC's Debt-to-Equity is ranked better than
53.8% of 671 companies
in the REITs industry
Industry Median: 0.78 vs SITC: 0.75

SITE Centers Debt-to-Equity Historical Data

The historical data trend for SITE Centers'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.

SITE Centers Debt-to-Equity Chart

SITE Centers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 1.00 0.82 0.82 0.75

SITE Centers 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 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.87 0.97 0.92 0.75

Competitive Comparison of SITE Centers's Debt-to-Equity

For the REIT - Retail subindustry, SITE Centers'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.


SITE Centers's Debt-to-Equity Distribution in the REITs Industry

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

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



SITE Centers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SITE Centers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

SITE Centers's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


SITE Centers  (NYSE:SITC) 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.


SITE Centers Debt-to-Equity Related Terms

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


SITE Centers (SITE Centers) Business Description

Traded in Other Exchanges
Address
3300 Enterprise Parkway, Beachwood, OH, USA, 44122
SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.
Executives
John M Cattonar officer: EVP & Chief Investment Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
David R Lukes director, officer: President & CEO 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Christa A Vesy officer: Sr. V.P. & Chief Acct. Officer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Fennerty Conor officer: EVP, CFO & Treasurer 3300 ENTERPRISE PKWY, BEACHWOOD OH 44122
Alexander Otto director, 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Katharina Otto-bernstein 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Victor B Macfarlane director 151 EXECUTIVE PARK BLVD, BUILDING 2, SAN FRANCISCO CA 94134
Dawn M. Sweeney director 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Michael Makinen officer: EVP & COO 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Terrance R Ahern director 1500 W 3RD ST, STE 410, CLEVELAND OH 44113
Thomas Finne director C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Linda B. Abraham director 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Scott D Roulston director 3300 ENTERPRISE PARKWAY, CLEVELAND OH 44122
Matthew Louis Ostrower officer: EVP, CFO & Treasurer 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Robert H Gidel director 677 N WASHINGTON BLVD, SARASOTA FL 34236