Workspace Group (LSE:WKP) Debt-to-Equity : 0.56 (As of Sep. 2023)

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What is Workspace Group Debt-to-Equity?

Workspace Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.0 Mil. Workspace Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £902.0 Mil. Workspace Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £1,607.6 Mil. Workspace Group's debt to equity for the quarter that ended in Sep. 2023 was 0.56.

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

LSE:WKP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: 0.56
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Workspace Group was 0.56. The lowest was 0.17. And the median was 0.33.

LSE:WKP's Debt-to-Equity is ranked better than
69.09% of 673 companies
in the REITs industry
Industry Median: 0.78 vs LSE:WKP: 0.56

Workspace Group Debt-to-Equity Historical Data

The historical data trend for Workspace 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.

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Workspace Group Debt-to-Equity Chart

Workspace Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.33

0.45

0.35

0.53

Workspace Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.35	0.52	0.53	0.56

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

For the REIT - Office subindustry, Workspace 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.

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

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

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

Workspace Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Workspace Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(49.8	+	893.8)	/	1787.7
	=	0.53

Workspace Group's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	902)	/	1607.6
	=	0.56

Workspace Group (LSE:WKP) 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.

Workspace Group Debt-to-Equity Related Terms

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Workspace Group (LSE:WKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Workspace Group PLC (LSE:WKP) » Definitions » Debt-to-Equity

Comparable Companies

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WKPl:UK

Address

1-3 Brixton Road, Canterbury Court, Kennington Park, London, GBR, SW9 6DE

Website

https://www.workspace.co.uk

Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms.

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