Sumitomo Realty & Development Co (TSE:8830) Equity-to-Asset : 0.30 (As of Dec. 2023)

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

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Sumitomo Realty & Development Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,982,126 Mil. Sumitomo Realty & Development Co's Total Assets for the quarter that ended in Dec. 2023 was 円6,585,120 Mil. Therefore, Sumitomo Realty & Development Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.

The historical rank and industry rank for Sumitomo Realty & Development Co's Equity-to-Asset or its related term are showing as below:

TSE:8830' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.3
Current: 0.3

During the past 13 years, the highest Equity to Asset Ratio of Sumitomo Realty & Development Co was 0.30. The lowest was 0.17. And the median was 0.23.

TSE:8830's Equity-to-Asset is ranked worse than
70.08% of 1838 companies
in the Real Estate industry
Industry Median: 0.44 vs TSE:8830: 0.30

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

The historical data trend for Sumitomo Realty & Development Co's Equity-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.

* Premium members only.

Sumitomo Realty & Development Co Equity-to-Asset Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

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0.23

0.24

0.27

0.28

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
Equity-to-Asset	Get a 7-Day Free Trial															0.30	0.28	0.29	0.30	0.30

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

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

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

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

Sumitomo Realty & Development Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1799369	/	6365436
	=	0.28

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1982126	/	6585120
	=	0.30

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

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

Thank you for viewing the detailed overview of Sumitomo Realty & Development Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Equity-to-Asset

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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.

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