Stride Property (NZSE:SPG) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Stride Property Debt-to-Equity?

Stride Property's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$0.0 Mil. Stride Property's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NZ$442.5 Mil. Stride Property's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NZ$992.4 Mil. Stride Property's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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 Stride Property's Debt-to-Equity or its related term are showing as below:

NZSE:SPG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.47 Max: 0.74
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Stride Property was 0.74. The lowest was 0.29. And the median was 0.47.

NZSE:SPG's Debt-to-Equity is ranked better than
64.01% of 1578 companies
in the Real Estate industry
Industry Median: 0.755 vs NZSE:SPG: 0.45

Stride Property Debt-to-Equity Historical Data

The historical data trend for Stride Property'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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Stride Property Debt-to-Equity Chart

Stride Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.59

0.33

0.29

0.43

0.45

Stride Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.36	0.43	0.46	0.45

Competitive Comparison of Stride Property's Debt-to-Equity

For the Real Estate Services subindustry, Stride Property'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.

Stride Property's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Stride Property Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stride Property's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(0.007	+	442.502)	/	992.433
	=	0.45

Stride Property's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.007	+	442.502)	/	992.433
	=	0.45

Stride Property (NZSE:SPG) 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.

Stride Property Debt-to-Equity Related Terms

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Stride Property (NZSE:SPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Stride Property Ltd (NZSE:SPG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shortland Street, Level 12, Louise Hill, Auckland, NTL, NZL, 1010

Website

https://www.strideproperty.co.nz

Stride Property Ltd is a real estate company that owns and manages investment properties in New Zealand. Most of the properties are located in Auckland, followed by Wellington, Northern Regional, and South Island. Stride's portfolio consists of commercial office, retail, and industrial property, as well as land. Retail properties deliver the majority of contract rental revenue, followed by office and industrial properties. The company's major tenants include general distributors, large retailers, banks, the New Zealand government, and industrial companies.