NewLake Capital Partners (NewLake Capital Partners) Debt-to-Equity : 0.01 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is NewLake Capital Partners Debt-to-Equity?

NewLake Capital Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.00 Mil. NewLake Capital Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.00 Mil. NewLake Capital Partners's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $404.59 Mil. NewLake Capital Partners's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 NewLake Capital Partners's Debt-to-Equity or its related term are showing as below:

NLCP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of NewLake Capital Partners was 0.01. The lowest was 0.01. And the median was 0.01.

NLCP's Debt-to-Equity is ranked better than
99.85% of 672 companies
in the REITs industry
Industry Median: 0.78 vs NLCP: 0.01

NewLake Capital Partners Debt-to-Equity Historical Data

The historical data trend for NewLake Capital Partners'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.

NewLake Capital Partners Debt-to-Equity Chart

NewLake Capital Partners Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

NewLake Capital Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.01	0.01	0.01	0.01	0.01

Competitive Comparison of NewLake Capital Partners's Debt-to-Equity

For the REIT - Specialty subindustry, NewLake Capital Partners'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.

NewLake Capital Partners's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where NewLake Capital Partners's Debt-to-Equity falls into.

NewLake Capital Partners Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NewLake Capital Partners'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
	=	(1	+	1)	/	404.585
	=	0.00

NewLake Capital Partners'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
	=	(1	+	1)	/	404.585
	=	0.00

NewLake Capital Partners (OTCPK:NLCP) 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.

NewLake Capital Partners Debt-to-Equity Related Terms

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

NewLake Capital Partners (NewLake Capital Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NewLake Capital Partners Inc (OTCPK:NLCP) » Definitions » Debt-to-Equity

Comparable Companies

AFCG LAND FPI CORR PW UNIT AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR ASX:ARF ASX:WPR

Traded in Other Exchanges

N/A

Address

50 Locust Avenue, First Floor, New Canaan, CT, USA, 06840

Website

https://www.newlake.com

NewLake Capital Partners Inc is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects.

Executives

David L. Weinstein	director, officer: Chief Executive Officer	62 BEACH STREET, APT. 5F, NEW YORK NY 10013
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Peter Wiser Martay	director	C/O NEWLAKE CAPITAL PARTNERS, INC., 300 575 LEXINGTON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Lisa Meyer	officer: CFO, Treasurer and Secretary	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Anthony Coniglio	director, officer: See Remarks	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Gordon F Dugan	director	50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Fredric S. Starker	officer: See Remarks	52 VANDERBILT AVENUE, SUITE 403, NEW YORK NY 10017
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Joyce Johnson	director	8251 S LUELLA AVENUE, CHICAGO IL 60617