Japan Real Estate Investment (TSE:8952) Debt-to-Equity

: 0.84 (As of Sep. 2023)

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Japan Real Estate Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円95,300 Mil. Japan Real Estate Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円354,893 Mil. Japan Real Estate Investment's Total Stockholders Equity for the quarter that ended in Sep. 2023 was 円538,403 Mil. Japan Real Estate Investment's debt to equity for the quarter that ended in Sep. 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 Japan Real Estate Investment's Debt-to-Equity or its related term are showing as below:

TSE:8952' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 0.8 Max: 0.84
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Japan Real Estate Investment was 0.84. The lowest was 0.74. And the median was 0.80.

TSE:8952's Debt-to-Equity is ranked worse than
54.38% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSE:8952: 0.84

Japan Real Estate Investment Debt-to-Equity Historical Data

The historical data trend for Japan Real Estate 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.

Japan Real Estate Investment Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.76

0.81

0.82

0.84

Japan Real Estate Investment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity																0.81	0.87	0.82	0.89	0.84

Competitive Comparison

For the REIT - Office subindustry, Japan Real Estate 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.

Japan Real Estate Investment Debt-to-Equity Distribution

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

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

Japan Real Estate Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Real Estate Investment's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(95300	+	354893.175)	/	538402.503
	=	0.84

Japan Real Estate Investment's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(95300	+	354893.175)	/	538402.503
	=	0.84

Japan Real Estate Investment (TSE:8952) 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 Real Estate Investment Debt-to-Equity Related Terms

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Japan Real Estate Investment (TSE:8952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Real Estate Investment Corp (TSE:8952) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.j-re.co.jp

Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, most of J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its largest customers in terms of total leased space.

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