Tokaido REIT (TSE:2989) Debt-to-Equity : 0.94 (As of Jul. 2023)

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What is Tokaido REIT Debt-to-Equity?

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 Total Stockholders Equity for the quarter that ended in Jul. 2023 was 円25,037 Mil. Tokaido REIT's debt to equity for the quarter that ended in Jul. 2023 was 0.93.

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 Tokaido REIT's Debt-to-Equity or its related term are showing as below:

TSE:2989' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.91 Med: 0.91 Max: 0.94
Current: 0.94

During the past 3 years, the highest Debt-to-Equity Ratio of Tokaido REIT was 0.94. The lowest was 0.91. And the median was 0.91.

TSE:2989's Debt-to-Equity is ranked worse than
63% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSE:2989: 0.94

Tokaido REIT Debt-to-Equity Historical Data

The historical data trend for Tokaido REIT'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.

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Tokaido REIT Debt-to-Equity Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Debt-to-Equity

0.91

0.94

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial			0.91	0.89	0.93	0.94	N/A

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

For the REIT - Diversified subindustry, Tokaido REIT'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.

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

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

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

Tokaido REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokaido REIT's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(7300	+	16100)	/	25036.986
	=	0.93

Tokaido REIT's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(7300	+	16100)	/	25036.986
	=	0.93

Tokaido REIT (TSE:2989) 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.

Tokaido REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tokaido REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokaido REIT (TSE:2989) Business Description

Industry

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

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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