Heiwa Real Estate REIT (TSE:8966) Debt-to-Equity : 0.95 (As of Nov. 2023)

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What is Heiwa Real Estate REIT Debt-to-Equity?

Heiwa Real Estate REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円13,935 Mil. Heiwa Real Estate REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円98,602 Mil. Heiwa Real Estate REIT's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円118,532 Mil. Heiwa Real Estate REIT's debt to equity for the quarter that ended in Nov. 2023 was 0.95.

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

TSE:8966' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 0.86 Max: 0.95
Current: 0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Heiwa Real Estate REIT was 0.95. The lowest was 0.82. And the median was 0.86.

TSE:8966's Debt-to-Equity is ranked worse than
63.99% of 672 companies
in the REITs industry
Industry Median: 0.785 vs TSE:8966: 0.95

Heiwa Real Estate REIT Debt-to-Equity Historical Data

The historical data trend for Heiwa Real Estate 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.

* Premium members only.

Heiwa Real Estate REIT Debt-to-Equity Chart

Heiwa Real Estate REIT Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

Get a 7-Day Free Trial

0.86

0.91

0.87

N/A

0.95

Heiwa Real Estate REIT Semi-Annual Data
	Nov13	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.87	0.93	N/A	0.97	0.95

Competitive Comparison of Heiwa Real Estate REIT's Debt-to-Equity

For the REIT - Diversified subindustry, Heiwa Real Estate 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.

Heiwa Real Estate REIT's Debt-to-Equity Distribution in the REITs Industry

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

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

Heiwa Real Estate REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heiwa Real Estate REIT's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(13935	+	98602.2)	/	118532.47
	=	0.95

Heiwa Real Estate REIT's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(13935	+	98602.2)	/	118532.47
	=	0.95

Heiwa Real Estate REIT (TSE:8966) 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.

Heiwa Real Estate REIT Debt-to-Equity Related Terms

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

Heiwa Real Estate REIT (TSE:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heiwa Real Estate REIT Inc (TSE:8966) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6237

Website

http://www.heiwa-re.co.jp

Heiwa Real Estate REIT Inc is a real estate company that primarily invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other major cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services. The company's assets are managed by Heiwa Real Estate Asset Management Co.

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