Onward Holdings Co (Onward Holdings Co) Debt-to-Equity : 0.50 (As of Nov. 2023)

View and export this data going back to . Start your Free Trial

What is Onward Holdings Co Debt-to-Equity?

Onward Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $208 Mil. Onward Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $49 Mil. Onward Holdings Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $519 Mil. Onward Holdings Co's debt to equity for the quarter that ended in Nov. 2023 was 0.49.

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 Onward Holdings Co's Debt-to-Equity or its related term are showing as below:

OKASY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.42 Max: 1.61
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Onward Holdings Co was 1.61. The lowest was 0.28. And the median was 0.42.

OKASY's Debt-to-Equity is ranked worse than
54.28% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs OKASY: 0.53

Onward Holdings Co Debt-to-Equity Historical Data

The historical data trend for Onward Holdings Co'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.

Onward Holdings Co Debt-to-Equity Chart

Onward Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

Get a 7-Day Free Trial

0.79

1.61

0.59

0.43

0.53

Onward Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.47	0.48	0.50	0.53

Competitive Comparison of Onward Holdings Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, Onward Holdings Co'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.

Onward Holdings Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Onward Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Onward Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 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
	=	(175.584	+	104.769)	/	533.857
	=	0.53

Onward Holdings Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(207.631	+	49.072)	/	518.83
	=	0.49

Onward Holdings Co (OTCPK:OKASY) 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.

Onward Holdings Co Debt-to-Equity Related Terms

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

Onward Holdings Co (Onward Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Onward Holdings Co Ltd (OTCPK:OKASY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8016:Japan

Address

10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239

Website

http://www.onward-hd.co.jp

Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three fourths of Onward's sales are in Japan, and most of the company's remaining sales are in Europe. The company manufactures its products primarily in China.

Onward Holdings Co (Onward Holdings Co) Headlines

From GuruFocus

Hennessy Commentary: Look to Attractively Valued Japanese Small Caps as Japan's Economy Rebounds

By Sydnee Gatewood • 06-07-2023