Golf Do Co (NGO:3032) Debt-to-Equity : 2.07 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Golf Do Co Debt-to-Equity?

Golf Do Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円892 Mil. Golf Do Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円655 Mil. Golf Do Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円748 Mil. Golf Do Co's debt to equity for the quarter that ended in Dec. 2023 was 2.07.

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

NGO:3032' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.5 Med: 2.4 Max: 4.53
Current: 2.07

During the past 13 years, the highest Debt-to-Equity Ratio of Golf Do Co was 4.53. The lowest was 1.50. And the median was 2.40.

NGO:3032's Debt-to-Equity is ranked worse than
86.54% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.63 vs NGO:3032: 2.07

Golf Do Co Debt-to-Equity Historical Data

The historical data trend for Golf Do 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.

Golf Do Co Debt-to-Equity Chart

Golf Do Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

4.51

3.95

2.96

1.94

1.63

Golf Do Co 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															1.50	1.63	2.00	1.88	2.07

Competitive Comparison of Golf Do Co's Debt-to-Equity

For the Specialty Retail subindustry, Golf Do 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.

Golf Do Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Golf Do Co's Debt-to-Equity distribution charts can be found below:

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

Golf Do Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Golf Do Co'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
	=	(816.659	+	562.654)	/	844.252
	=	1.63

Golf Do Co'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
	=	(892.45	+	655.11)	/	747.846
	=	2.07

Golf Do Co (NGO:3032) 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.

Golf Do Co Debt-to-Equity Related Terms

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

Golf Do Co (NGO:3032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf Do Co Ltd (NGO:3032) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-1 Kami-Ochiai Chuo-ku, Saitama Prefecture, Saitama, JPN, 338-0001

Website

http://www.golfdo.jp

Golf Do Co Ltd is engaged in the operation of direct and franchised chain stores that buys and sells second-hand clubs. Its products include new and second-hand golf clubs, golf goods, such as golf- balls, caddy bags. It also provides free rental from the abundant clubs at the shop during lessons.

Golf Do Co (NGO:3032) Headlines

No Headlines