Mitsubishi Estate Co (Mitsubishi Estate Co) Debt-to-Asset : 0.41 (As of Mar. 2024)

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What is Mitsubishi Estate Co Debt-to-Asset?

Mitsubishi Estate Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,708 Mil. Mitsubishi Estate Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $18,228 Mil. Mitsubishi Estate Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $50,620 Mil. Mitsubishi Estate Co's debt to asset for the quarter that ended in Mar. 2024 was 0.41.

Mitsubishi Estate Co Debt-to-Asset Historical Data

The historical data trend for Mitsubishi Estate Co's Debt-to-Asset 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.

Mitsubishi Estate Co Debt-to-Asset Chart

Mitsubishi Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.41

0.42

0.41

Mitsubishi Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.42	0.43	0.44	0.44	0.41

Competitive Comparison of Mitsubishi Estate Co's Debt-to-Asset

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Mitsubishi Estate Co's Debt-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsubishi Estate Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Mitsubishi Estate Co's Debt-to-Asset falls into.

Mitsubishi Estate Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Mitsubishi Estate Co's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2708.275	+	18227.857)	/	50619.536
	=	0.41

Mitsubishi Estate Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2708.275	+	18227.857)	/	50619.536
	=	0.41

Mitsubishi Estate Co (OTCPK:MITEY) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Mitsubishi Estate Co Debt-to-Asset Related Terms

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Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Debt-to-Asset

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MITEF:USA 8802:Japan

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

Mitsubishi Estate Co (Mitsubishi Estate Co) Headlines

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