Japan Excellent (TSE:8987) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Japan Excellent Debt-to-Equity?

Japan Excellent's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Japan Excellent's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Japan Excellent's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円150,659 Mil. Japan Excellent's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Japan Excellent's Debt-to-Equity or its related term are showing as below:

TSE:8987' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 0.88 Max: 1.02
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Japan Excellent was 1.02. The lowest was 0.82. And the median was 0.88.

TSE:8987's Debt-to-Equity is ranked worse than
51.12% of 671 companies
in the REITs industry
Industry Median: 0.78 vs TSE:8987: 0.80

Japan Excellent Debt-to-Equity Historical Data

The historical data trend for Japan Excellent'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.

Japan Excellent Debt-to-Equity Chart

Japan Excellent Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

0.82

0.83

0.86

Japan Excellent 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-Equity	Get a 7-Day Free Trial															0.83	0.84	0.86	0.80	-

Competitive Comparison of Japan Excellent's Debt-to-Equity

For the REIT - Office subindustry, Japan Excellent'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.

Japan Excellent's Debt-to-Equity Distribution in the REITs Industry

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

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

Japan Excellent Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Excellent's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0	+	0)	/	150659
	=	0.00

Japan Excellent's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0	+	0)	/	150659
	=	0.00

Japan Excellent (TSE:8987) 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.

Japan Excellent Debt-to-Equity Related Terms

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

Japan Excellent (TSE:8987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Excellent Inc (TSE:8987) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

http://www.excellent-reit.co.jp

Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.

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