Nippon Accommodations Fund (TSE:3226) Debt-to-Equity : 1.10 (As of Aug. 2023)

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What is Nippon Accommodations Fund Debt-to-Equity?

Nippon Accommodations Fund's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円17,500 Mil. Nippon Accommodations Fund's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円150,000 Mil. Nippon Accommodations Fund's Total Stockholders Equity for the quarter that ended in Aug. 2023 was 円151,874 Mil. Nippon Accommodations Fund's debt to equity for the quarter that ended in Aug. 2023 was 1.10.

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 Accommodations Fund's Debt-to-Equity or its related term are showing as below:

TSE:3226' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.05 Med: 1.1 Max: 1.21
Current: 1.1

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Accommodations Fund was 1.21. The lowest was 1.05. And the median was 1.10.

TSE:3226's Debt-to-Equity is ranked worse than
72.51% of 673 companies
in the REITs industry
Industry Median: 0.78 vs TSE:3226: 1.10

Nippon Accommodations Fund Debt-to-Equity Historical Data

The historical data trend for Nippon Accommodations 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 Accommodations Fund Debt-to-Equity Chart

Nippon Accommodations Fund Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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1.09

1.12

1.10

Nippon Accommodations Fund Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.11	1.12	1.11	1.10	N/A

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

For the REIT - Diversified subindustry, Nippon Accommodations 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 Accommodations Fund's Debt-to-Equity Distribution in the REITs Industry

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

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

Nippon Accommodations Fund Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Accommodations Fund's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(17500	+	150000)	/	151874.042
	=	1.10

Nippon Accommodations Fund's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(17500	+	150000)	/	151874.042
	=	1.10

Nippon Accommodations Fund (TSE:3226) 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 Accommodations Fund Debt-to-Equity Related Terms

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Nippon Accommodations Fund (TSE:3226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nippon Accommodations Fund Inc (TSE:3226) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-1 Nihonbashimuromachi, Chuo-ku, Tokyo, JPN, 103-0022

Website

http://www.naf-r.jp

Nippon Accommodations Fund Inc is a Japan-based real estate investment trust (REIT) company. It invests in accommodation properties mainly located in Metropolitan areas, as well as government-decreed regional hub cities. The company's investment property portfolio includes Okawabata Apartment Communities, Park Axis Toyosu, Shibaura Island Air Tower, Park Cube Meguro Tower, Park Cube Atagoyama Tower, Park Cube Higashi Shinagawa, amongst many others.

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