Internet Initiative Japan (Internet Initiative Japan) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Internet Initiative Japan Debt-to-Equity?

Internet Initiative Japan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $209 Mil. Internet Initiative Japan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Internet Initiative Japan's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $812 Mil. Internet Initiative Japan's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 Internet Initiative Japan's Debt-to-Equity or its related term are showing as below:

IIJIY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.31 Max: 0.6
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Internet Initiative Japan was 0.60. The lowest was 0.17. And the median was 0.31.

IIJIY's Debt-to-Equity is ranked better than
74.49% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs IIJIY: 0.26

Internet Initiative Japan Debt-to-Equity Historical Data

The historical data trend for Internet Initiative Japan'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.

Internet Initiative Japan Debt-to-Equity Chart

Internet Initiative Japan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.35

0.28

0.21

0.17

Internet Initiative Japan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.18	0.17	0.29	0.27	0.26

Competitive Comparison of Internet Initiative Japan's Debt-to-Equity

For the Telecom Services subindustry, Internet Initiative Japan'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.

Internet Initiative Japan's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Internet Initiative Japan's Debt-to-Equity distribution charts can be found below:

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

Internet Initiative Japan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Internet Initiative Japan's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(125.897	+	26.948)	/	884.619
	=	0.17

Internet Initiative Japan's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(209.263	+	0.417)	/	812.278
	=	0.26

Internet Initiative Japan (OTCPK:IIJIY) 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.

Internet Initiative Japan Debt-to-Equity Related Terms

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Internet Initiative Japan (Internet Initiative Japan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Internet Initiative Japan Inc (OTCPK:IIJIY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IIJIF:USA 3774:Japan IIJ:Germany

Address

Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://www.iij.ad.jp

Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.