Tokaido REIT (TSE:2989) LT-Debt-to-Total-Asset : 0.32 (As of Jul. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Tokaido REIT 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. Tokaido REIT's long-term debt to total assests ratio for the quarter that ended in Jul. 2023 was 0.32.

Tokaido REIT's long-term debt to total assets ratio declined from Jul. 2022 (0.36) to Jul. 2023 (0.32). It may suggest that Tokaido REIT is progressively becoming less dependent on debt to grow their business.

Tokaido REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tokaido REIT'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.

* Premium members only.

Tokaido REIT LT-Debt-to-Total-Asset Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

LT-Debt-to-Total-Asset

0.37

0.38

0.32

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.38	0.36	0.35	0.32	-

Tokaido REIT LT-Debt-to-Total-Asset Calculation

Tokaido REIT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	16100	/	50037.911
	=	0.32

Tokaido REIT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (Q: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2023 )	/	Total Assets (Q: Jul. 2023 )
	=	16100	/	50037.911
	=	0.32

Tokaido REIT (TSE:2989) 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.

Tokaido REIT LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Tokaido REIT's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

Tokaido REIT (TSE:2989) Headlines

No Headlines