Sankei Real Estate (TSE:2972) LT-Debt-to-Total-Asset : 0.37 (As of Aug. 2023)

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What is Sankei Real Estate LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Sankei Real Estate's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.37.

Sankei Real Estate's long-term debt to total assets ratio declined from Aug. 2022 (0.38) to Aug. 2023 (0.37). It may suggest that Sankei Real Estate is progressively becoming less dependent on debt to grow their business.

Sankei Real Estate LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sankei Real Estate's LT-Debt-to-Total-Asset 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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Sankei Real Estate LT-Debt-to-Total-Asset Chart

Sankei Real Estate Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

0.36

0.38

0.35

0.38

0.37

Sankei Real Estate Semi-Annual Data
	Apr19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.36	0.38	0.38	0.37	-

Sankei Real Estate LT-Debt-to-Total-Asset Calculation

Sankei Real Estate's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	41000	/	112235.819
	=	0.37

Sankei Real Estate's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	41000	/	112235.819
	=	0.37

Sankei Real Estate (TSE:2972) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Sankei Real Estate LT-Debt-to-Total-Asset Related Terms

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Sankei Real Estate (TSE:2972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sankei Real Estate Inc (TSE:2972) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.s-reit.co.jp

Sankei Real Estate Inc is a Japanese based J-REIT. The company is engaged in the leasing of real estate properties, and owns office buildings.

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