OCA - Oceania Group - retirement villages

[ValueNZ]

Ok cheers, but doesn't gearing usually mean debt to equity ratio?

There are different calculations, but you're right I think they are a bit BS

https://www.investopedia.com/terms/g...'%20funds.
Understanding Gearing Ratios

The best known examples of gearing ratios include:

Debt-to-Equity Ratio=Total Debt/Total Equity

​

Times Interest Earned*=EBIT/Total Interest

​

Equity Ratio=Equity/Assets

​

Debt Ratio=Total Debt/Total Assets

​

[ValueNZ]

There are different calculations, but you're right I think they are a bit BS

https://www.investopedia.com/terms/g...'%20funds.
Understanding Gearing Ratios

The best known examples of gearing ratios include:

Debt-to-Equity Ratio=Total Debt/Total Equity

​

Times Interest Earned*=EBIT/Total Interest

​

Equity Ratio=Equity/Assets

​

Debt Ratio=Total Debt/Total Assets

​

So OCA was presenting the debt ratio

[winner69]

Hey Value …..none of those formulae have the Float in them

[SailorRob]

That is correct …….so you knew all along Dorothy ….you tease

Seems gearing and debt ratio and leverage have become pretty loose in their definitions these days

Suppose if one notes how they calculated it these days no problems

No, I didn't know.

OCA uses a total BS one they have invented...

Not Debt/Equity at all.

[SailorRob]

So OCA was presenting the debt ratio

Well no, as total assets are way higher again than the debt plus equity figure they use.

[ValueNZ]

Well no, as total assets are way higher again than the debt plus equity figure they use.

True apologies, saw debt + equity and automatically thought assets. But it's net debt. Even then it's liabilities + equity = assets

No clue what that ratio is even supposed to indicate then.

[winner69]

To be fair to Oceania they rarely use the term Gearing ……always say D/(D+E) is x%

Gearing/leverage loosely used terms by most …even by those who should know better

But Rob is on the ball

[Rawz]

If D/(D+E)=>40%… error don’t invest …

[SailorRob]

To be fair to Oceania they rarely use the term Gearing ……always say D/(D+E) is x%

Gearing/leverage loosely used terms by most …even by those who should know better

But Rob is on the ball

They used it in the latest report, I did a word search.

[SailorRob]

If D/(D+E)=>40%… error don’t invest …

Oh man, so good. Imagine if there were no crazy people, our returns would be destroyed.

And this after I explained all the holes in this idiocy.