Kyokuto Co (TSE:2300) Debt-to-Equity : 0.62 (As of Feb. 2024)

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What is Kyokuto Co Debt-to-Equity?

Kyokuto Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円577 Mil. Kyokuto Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円723 Mil. Kyokuto Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円2,115 Mil. Kyokuto Co's debt to equity for the quarter that ended in Feb. 2024 was 0.61.

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

TSE:2300' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.14 Max: 0.62
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Kyokuto Co was 0.62. The lowest was 0.10. And the median was 0.14.

TSE:2300's Debt-to-Equity is ranked better than
57.95% of 88 companies
in the Personal Services industry
Industry Median: 0.73 vs TSE:2300: 0.62

Kyokuto Co Debt-to-Equity Historical Data

The historical data trend for Kyokuto 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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Kyokuto Co Debt-to-Equity Chart

Kyokuto Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.11

0.25

0.43

0.35

0.62

Kyokuto 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															0.35	0.25	0.44	0.46	0.62

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

For the Personal Services subindustry, Kyokuto 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.

Kyokuto Co's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Kyokuto Co's Debt-to-Equity distribution charts can be found below:

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

Kyokuto Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyokuto 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
	=	(577.111	+	722.924)	/	2115.016
	=	0.61

Kyokuto Co's Debt to Equity Ratio for the quarter 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
	=	(577.111	+	722.924)	/	2115.016
	=	0.61

Kyokuto Co (TSE:2300) 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.

Kyokuto Co Debt-to-Equity Related Terms

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Kyokuto Co (TSE:2300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Kyokuto Co Ltd (TSE:2300) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hakata-ku Kannakuma 1, chome 28 No. 53, Fukuoka prefecture, Fukuoka, JPN, 816-0063

Website

http://www.k-cleaning.jp

Kyokuto Co Ltd is a Japanese company. It is engaged in the home cleaning business. It offers ozone cleaning, aqua, and dry cleaning, delicate course cleaning, wash charm, and setting line services. The Company also operates outlets throughout Japan. It operates through more than six hundred stores.

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