Tokaido REIT (TSE:2989) Debt-to-Asset : 0.47 (As of Jul. 2023)

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What is Tokaido REIT Debt-to-Asset?

Tokaido REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was 円7,300 Mil. Tokaido REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was 円16,100 Mil. Tokaido REIT's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jul. 2023 was 円50,038 Mil. Tokaido REIT's debt to asset for the quarter that ended in Jul. 2023 was 0.47.

Tokaido REIT Debt-to-Asset Historical Data

The historical data trend for Tokaido REIT'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.

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Tokaido REIT Debt-to-Asset Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Debt-to-Asset

0.46

0.47

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Asset	Get a 7-Day Free Trial			0.46	0.46	0.47	0.47	-

Competitive Comparison of Tokaido REIT's Debt-to-Asset

For the REIT - Diversified subindustry, Tokaido REIT'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.

Tokaido REIT's Debt-to-Asset Distribution in the REITs Industry

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

* The bar in red indicates where Tokaido REIT's Debt-to-Asset falls into.

Tokaido REIT Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tokaido REIT's Debt-to-Asset for the fiscal year that ended in Jul. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7300	+	16100)	/	50037.911
	=	0.47

Tokaido REIT's Debt-to-Asset for the quarter that ended in Jul. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7300	+	16100)	/	50037.911
	=	0.47

Tokaido REIT (TSE:2989) 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.

Tokaido REIT Debt-to-Asset Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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