Mitsubishi Estate Logistics REIT Investment (TSE:3481) LT-Debt-to-Total-Asset : 0.36 (As of Aug. 2023)

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What is Mitsubishi Estate Logistics REIT Investment 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. Mitsubishi Estate Logistics REIT Investment's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.36.

Mitsubishi Estate Logistics REIT Investment's long-term debt to total assets ratio increased from Aug. 2022 (0.33) to Aug. 2023 (0.36). It may suggest that Mitsubishi Estate Logistics REIT Investment is progressively becoming more dependent on debt to grow their business.

Mitsubishi Estate Logistics REIT Investment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mitsubishi Estate Logistics REIT Investment'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.

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Mitsubishi Estate Logistics REIT Investment LT-Debt-to-Total-Asset Chart

Mitsubishi Estate Logistics REIT Investment Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.23

0.29

0.31

0.33

0.36

Mitsubishi Estate Logistics REIT Investment Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.31	0.33	0.35	0.36	-

Mitsubishi Estate Logistics REIT Investment LT-Debt-to-Total-Asset Calculation

Mitsubishi Estate Logistics REIT Investment's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	98404	/	271357.624
	=	0.36

Mitsubishi Estate Logistics REIT Investment's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	98404	/	271357.624
	=	0.36

Mitsubishi Estate Logistics REIT Investment (TSE:3481) 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.

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Mitsubishi Estate Logistics REIT Investment (TSE:3481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mitsubishi Estate Logistics REIT Investment Corp (TSE:3481) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

2-5-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://mel-reit.co.jp

Mitsubishi Estate Logistics REIT Investment Corp operates as a real estate investment trust with logistics facilities as its main investment target. Its portfolio consists of eight properties mainly located in Tokyo metropolitan area.

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