Candeal Co (TSE:1446) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Candeal Co Debt-to-Equity?

Candeal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,010 Mil. Candeal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円373 Mil. Candeal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,828 Mil. Candeal Co's debt to equity for the quarter that ended in Mar. 2024 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 Candeal Co's Debt-to-Equity or its related term are showing as below:

TSE:1446' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.92 Max: 1.47
Current: 0.59

During the past 8 years, the highest Debt-to-Equity Ratio of Candeal Co was 1.47. The lowest was 0.56. And the median was 0.92.

TSE:1446's Debt-to-Equity is ranked worse than
58.66% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1446: 0.59

Candeal Co Debt-to-Equity Historical Data

The historical data trend for Candeal 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.

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Candeal Co Debt-to-Equity Chart

Candeal Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.63

1.02

0.86

1.00

0.64

Candeal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.69	0.64	0.59	0.49

Competitive Comparison of Candeal Co's Debt-to-Equity

For the Engineering & Construction subindustry, Candeal 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.

Candeal Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Candeal Co's Debt-to-Equity distribution charts can be found below:

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

Candeal Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Candeal Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1010.75	+	727.961)	/	2706.086
	=	0.64

Candeal Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1009.996	+	372.519)	/	2828.231
	=	0.49

Candeal Co (TSE:1446) 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.

Candeal Co Debt-to-Equity Related Terms

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Candeal Co (TSE:1446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Candeal Co Ltd (TSE:1446) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kitayamabushi-cho, 3rd Floor Ushigome Syokuryo Building, Shinjuku-ku, Tokyo, JPN, 162-0853

Website

https://www.candeal.co.jp

Candeal Co Ltd provides building repair service to detached houses, apartment complexes, commercial facilities, and others. The company's services include repair and inspection service, construction service, and trading and distribution.

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