Nippon Building Fund (TSE:8951) Debt-to-Asset : 0.43 (As of Dec. 2023)

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What is Nippon Building Fund Debt-to-Asset?

Nippon Building Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円56,000 Mil. Nippon Building Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円536,500 Mil. Nippon Building Fund's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円1,385,619 Mil. Nippon Building Fund's debt to asset for the quarter that ended in Dec. 2023 was 0.43.

Nippon Building Fund Debt-to-Asset Historical Data

The historical data trend for Nippon Building Fund'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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Nippon Building Fund Debt-to-Asset Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.42

0.43

Nippon Building Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.42	0.42	0.42	0.43	0.43

Competitive Comparison of Nippon Building Fund's Debt-to-Asset

For the REIT - Office subindustry, Nippon Building Fund'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.

Nippon Building Fund's Debt-to-Asset Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Building Fund's Debt-to-Asset falls into.

Nippon Building Fund Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nippon Building Fund's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(56000	+	536500)	/	1385619
	=	0.43

Nippon Building Fund's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(56000	+	536500)	/	1385619
	=	0.43

Nippon Building Fund (TSE:8951) 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.

Nippon Building Fund Debt-to-Asset Related Terms

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Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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