MIRAI (TSE:3476) Debt-to-Equity : 1.06 (As of Apr. 2023)

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What is MIRAI Debt-to-Equity?

MIRAI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was 円21,500 Mil. MIRAI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was 円64,000 Mil. MIRAI's Total Stockholders Equity for the quarter that ended in Apr. 2023 was 円81,078 Mil. MIRAI's debt to equity for the quarter that ended in Apr. 2023 was 1.05.

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

TSE:3476' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.05 Max: 1.2
Current: 1.06

During the past 7 years, the highest Debt-to-Equity Ratio of MIRAI was 1.20. The lowest was 0.97. And the median was 1.05.

TSE:3476's Debt-to-Equity is ranked worse than
70.54% of 672 companies
in the REITs industry
Industry Median: 0.78 vs TSE:3476: 1.06

MIRAI Debt-to-Equity Historical Data

The historical data trend for MIRAI'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.

MIRAI Debt-to-Equity Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Debt-to-Equity

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1.04

1.05

1.00

1.05

1.04

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Debt-to-Equity	Get a 7-Day Free Trial									1.05	1.05	1.04	1.04	1.06

Competitive Comparison of MIRAI's Debt-to-Equity

For the REIT - Diversified subindustry, MIRAI'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.

MIRAI's Debt-to-Equity Distribution in the REITs Industry

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

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

MIRAI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MIRAI's Debt to Equity Ratio for the fiscal year that ended in Oct. 2022 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
	=	(10500	+	73500)	/	81028.066
	=	1.04

MIRAI's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(21500	+	64000)	/	81077.974
	=	1.05

MIRAI (TSE:3476) 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.

MIRAI Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MIRAI's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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