Daiwa Office Investment (TSE:8976) Debt-to-Equity : 0.84 (As of Nov. 2023)

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What is Daiwa Office Investment Debt-to-Equity?

Daiwa Office Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円31,500 Mil. Daiwa Office Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円176,300 Mil. Daiwa Office Investment's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円247,523 Mil. Daiwa Office Investment's debt to equity for the quarter that ended in Nov. 2023 was 0.84.

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

TSE:8976' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 0.8 Max: 0.86
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Daiwa Office Investment was 0.86. The lowest was 0.72. And the median was 0.80.

TSE:8976's Debt-to-Equity is ranked worse than
53.8% of 671 companies
in the REITs industry
Industry Median: 0.78 vs TSE:8976: 0.84

Daiwa Office Investment Debt-to-Equity Historical Data

The historical data trend for Daiwa Office 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.

Daiwa Office Investment Debt-to-Equity Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Debt-to-Equity

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0.78

0.80

0.83

Daiwa Office Investment Semi-Annual Data
	May14	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															0.80	0.82	0.83	0.84	0.84

Competitive Comparison of Daiwa Office Investment's Debt-to-Equity

For the REIT - Office subindustry, Daiwa Office 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.

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

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

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

Daiwa Office Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daiwa Office Investment's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 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
	=	(26200	+	179600)	/	247491.306
	=	0.83

Daiwa Office Investment'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
	=	(31500	+	176300)	/	247523.152
	=	0.84

Daiwa Office Investment (TSE:8976) 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.

Daiwa Office Investment Debt-to-Equity Related Terms

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

Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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