Australian REITome Fund (TSX:HRR.UN) Debt-to-Equity : 0.49 (As of Jun. 2023)

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What is Australian REITome Fund Debt-to-Equity?

Australian REITome Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Australian REITome Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$2.69 Mil. Australian REITome Fund's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$5.53 Mil. Australian REITome Fund's debt to equity for the quarter that ended in Jun. 2023 was 0.49.

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 Australian REITome Fund's Debt-to-Equity or its related term are showing as below:

TSX:HRR.UN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.41 Max: 0.58
Current: 0.49

During the past 10 years, the highest Debt-to-Equity Ratio of Australian REITome Fund was 0.58. The lowest was 0.27. And the median was 0.41.

TSX:HRR.UN's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78 vs TSX:HRR.UN: 0.49

Australian REITome Fund Debt-to-Equity Historical Data

The historical data trend for Australian REITome Fund'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.

Australian REITome Fund Debt-to-Equity Chart

Australian REITome Fund Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.32

0.36

0.34

0.30

0.44

Australian REITome Fund Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.30	0.47	0.44	0.49

Competitive Comparison of Australian REITome Fund's Debt-to-Equity

For the REIT - Specialty subindustry, Australian REITome Fund'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.

Australian REITome Fund's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Australian REITome Fund's Debt-to-Equity falls into.

Australian REITome Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australian REITome Fund's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	2.694)	/	6.145
	=	0.44

Australian REITome Fund's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	2.692)	/	5.527
	=	0.49

Australian REITome Fund (TSX:HRR.UN) 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.

Australian REITome Fund Debt-to-Equity Related Terms

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

Australian REITome Fund (TSX:HRR.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Australian REIT Income Fund (TSX:HRR.UN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

610 Chartwell Road, Suite 204, Oakville, ON, CAN, L6J 4A5

Website

https://www.harvestportfolios.com

Australian REIT Income Fund invests in an actively managed portfolio comprised primarily of equity securities issued by Australian real estate investment trusts and issuers principally engaged in the real estate industry in Australia. The Fund's investment objectives are to provide unitholders with stable monthly cash distributions and the opportunity for capital appreciation. The Fund is offering Series A units and Series F units.

Australian REITome Fund (TSX:HRR.UN) Headlines

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