Nippon Building Fund (TSE:8951) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is Nippon Building Fund Debt-to-Equity?

Nippon Building Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円56,000 Mil. Nippon Building Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円536,500 Mil. Nippon Building Fund's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円706,247 Mil. Nippon Building Fund's debt to equity for the quarter that ended in Dec. 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 Nippon Building Fund's Debt-to-Equity or its related term are showing as below:

TSE:8951' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 0.8 Max: 0.84
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Building Fund was 0.84. The lowest was 0.77. And the median was 0.80.

TSE:8951's Debt-to-Equity is ranked worse than
54.53% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSE:8951: 0.84

Nippon Building Fund Debt-to-Equity Historical Data

The historical data trend for Nippon Building Fund'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.

Nippon Building Fund Debt-to-Equity Chart

Nippon Building Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.80

N/A

0.82

0.84

Nippon Building Fund 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															0.82	0.81	0.82	0.84	0.84

Competitive Comparison of Nippon Building Fund's Debt-to-Equity

For the REIT - Office subindustry, Nippon Building Fund'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.

Nippon Building Fund's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Building Fund's Debt-to-Equity falls into.

Nippon Building Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Building Fund'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
	=	(56000	+	536500)	/	706247
	=	0.84

Nippon Building Fund'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
	=	(56000	+	536500)	/	706247
	=	0.84

Nippon Building Fund (TSE:8951) 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.

Nippon Building Fund Debt-to-Equity Related Terms

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

Nippon Building Fund (TSE:8951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Building Fund Inc (TSE:8951) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

38th Floor, GranTokyo North Tower, 9-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-6738

Website

http://www.nbf-m.com

Nippon Building Fund Inc is a Japanese real estate investment trust engaged in the acquisition, ownership, and leasing of properties in the Greater Tokyo area. The company's real estate portfolio is primarily comprised of large corporate office buildings. The majority of these are located in the five wards of Tokyo's central business district. Office space located throughout the rest of Tokyo also makes up a substantial percentage of Nippon Building Fund's assets. The company derives the majority of its income in the form of rental revenue from tenants. Nippon Building Fund's largest customers are firms from the service, electrical equipment, and information and communications industries in terms of square footage used.

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