Sumitomo Realty & Development Co (TSE:8830) Debt-to-Equity : 2.03 (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Debt-to-Equity?

Sumitomo Realty & Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円684,165 Mil. Sumitomo Realty & Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,338,641 Mil. Sumitomo Realty & Development Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,982,126 Mil. Sumitomo Realty & Development Co's debt to equity for the quarter that ended in Dec. 2023 was 2.03.

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 Sumitomo Realty & Development Co's Debt-to-Equity or its related term are showing as below:

TSE:8830' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.03 Med: 2.8 Max: 3.96
Current: 2.03

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Realty & Development Co was 3.96. The lowest was 2.03. And the median was 2.80.

TSE:8830's Debt-to-Equity is ranked worse than
83.9% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs TSE:8830: 2.03

Sumitomo Realty & Development Co Debt-to-Equity Historical Data

The historical data trend for Sumitomo Realty & Development Co'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.

Sumitomo Realty & Development Co Debt-to-Equity Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.78

2.66

2.37

2.18

2.19

Sumitomo Realty & Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.09	2.19	2.10	2.04	2.03

Competitive Comparison of Sumitomo Realty & Development Co's Debt-to-Equity

For the Real Estate Services subindustry, Sumitomo Realty & Development Co'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.

Sumitomo Realty & Development Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumitomo Realty & Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sumitomo Realty & Development Co's Debt-to-Equity falls into.

Sumitomo Realty & Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Realty & Development Co'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
	=	(502722	+	3435299)	/	1799369
	=	2.19

Sumitomo Realty & Development Co'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
	=	(684165	+	3338641)	/	1982126
	=	2.03

Sumitomo Realty & Development Co (TSE:8830) 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.

Sumitomo Realty & Development Co Debt-to-Equity Related Terms

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Sumitomo Realty & Development Co (TSE:8830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumitomo Realty & Development Co Ltd (TSE:8830) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SURDF:USA

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

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