Ichigo Office REIT Investment (TSE:8975) Debt-to-Equity : 1.13 (As of Oct. 2023)

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What is Ichigo Office REIT Investment Debt-to-Equity?

Ichigo Office REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was 円7,092 Mil. Ichigo Office REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was 円107,815 Mil. Ichigo Office REIT Investment's Total Stockholders Equity for the quarter that ended in Oct. 2023 was 円102,000 Mil. Ichigo Office REIT Investment's debt to equity for the quarter that ended in Oct. 2023 was 1.13.

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

TSE:8975' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.03 Max: 1.13
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Ichigo Office REIT Investment was 1.13. The lowest was 0.87. And the median was 1.03.

TSE:8975's Debt-to-Equity is ranked worse than
73.62% of 671 companies
in the REITs industry
Industry Median: 0.78 vs TSE:8975: 1.13

Ichigo Office REIT Investment Debt-to-Equity Historical Data

The historical data trend for Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment Debt-to-Equity Chart

Ichigo Office REIT Investment Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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1.04

1.05

1.09

1.11

1.13

Ichigo Office REIT Investment Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															1.09	1.08	1.11	1.09	1.13

Competitive Comparison of Ichigo Office REIT Investment's Debt-to-Equity

For the REIT - Office subindustry, Ichigo Office REIT Investment'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.

Ichigo Office REIT Investment's Debt-to-Equity Distribution in the REITs Industry

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

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

Ichigo Office REIT Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ichigo Office REIT Investment's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(7092	+	107815)	/	101999.612
	=	1.13

Ichigo Office REIT Investment's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(7092	+	107815)	/	101999.612
	=	1.13

Ichigo Office REIT Investment (TSE:8975) 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.

Ichigo Office REIT Investment Debt-to-Equity Related Terms

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

Ichigo Office REIT Investment (TSE:8975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ichigo Office REIT Investment Corp (TSE:8975) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Uchisaiwai-cho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.ichigo-office.co.jp

Ichigo Office REIT Investment Corp is investment company operating in Japan. Its investment strategy is focused on mid-size offices which offer return stability and upside potential. The company seeks to drive higher earnings and sustainable growth for its shareholders by increasing the value of its assets through a wide array of value-add activities, including tailored tenant services, structural building improvements, and targeted tenant leasing. It provides stable cash flows, supporting stable dividends and upside for shareholders through rental income earned in mid-size offices.

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