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Sumitomo Realty & Development Co (TSE:8830) Debt-to-Asset : 0.61 (As of Dec. 2023)


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What is Sumitomo Realty & Development Co Debt-to-Asset?

Sumitomo Realty & Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円684,165 Mil. Sumitomo Realty & Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,338,641 Mil. Sumitomo Realty & Development Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円6,585,120 Mil. Sumitomo Realty & Development Co's debt to asset for the quarter that ended in Dec. 2023 was 0.61.

Sumitomo Realty & Development Co Debt-to-Asset Historical Data

The historical data trend for Sumitomo Realty & Development Co's Debt-to-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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Sumitomo Realty & Development Co Debt-to-Asset Chart

Sumitomo Realty & Development Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.65 0.63 0.61 0.62

Sumitomo Realty & Development Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.62 0.61 0.61 0.61

Competitive Comparison of Sumitomo Realty & Development Co's Debt-to-Asset

For the Real Estate Services subindustry, Sumitomo Realty & Development Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Sumitomo Realty & Development Co's Debt-to-Asset Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sumitomo Realty & Development Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sumitomo Realty & Development Co's Debt-to-Asset falls into.


Sumitomo Realty & Development Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sumitomo Realty & Development Co's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(502722 + 3435299) / 6365436
=0.62

Sumitomo Realty & Development Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(684165 + 3338641) / 6585120
=0.61

* 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.

Sumitomo Realty & Development Co  (TSE:8830) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sumitomo Realty & Development Co Debt-to-Asset Related Terms

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Sumitomo Realty & Development Co (TSE:8830) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sumitomo Realty & Development Co Ltd (TSE:8830) » Definitions » Debt-to-Asset
Comparable Companies
TSE:3003 TSE:3231 TSE:8804 TSE:2337 TSE:8848 TSE:1766 TSE:8890 TSE:8934 TSE:3479 TSE:4781 CSGP CBRE XMAD:CLNX BEKE SGX:9CI MIL:INW HKSE:01972 XTER:DWNI HKSE:01997 OSTO:AKEL D
Traded in Other Exchanges
SURDF:USA
Address
Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820
Website
http://www.sumitomo-rd.co.jp
Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

Sumitomo Realty & Development Co (TSE:8830) Headlines

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