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Brass (TSE:2424) Debt-to-Equity : 0.95 (As of Jan. 2024)


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What is Brass Debt-to-Equity?

Brass's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円1,267 Mil. Brass's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円2,329 Mil. Brass's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円3,797 Mil. Brass's debt to equity for the quarter that ended in Jan. 2024 was 0.95.

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

TSE:2424' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95   Med: 1.37   Max: 2.79
Current: 0.95

During the past 9 years, the highest Debt-to-Equity Ratio of Brass was 2.79. The lowest was 0.95. And the median was 1.37.

TSE:2424's Debt-to-Equity is ranked worse than
57.95% of 88 companies
in the Personal Services industry
Industry Median: 0.735 vs TSE:2424: 0.95

Brass Debt-to-Equity Historical Data

The historical data trend for Brass'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.

Brass Debt-to-Equity Chart

Brass Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 1.38 2.78 2.25 1.76 1.16

Brass Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.31 1.25 1.16 1.10 0.95

Competitive Comparison of Brass's Debt-to-Equity

For the Personal Services subindustry, Brass'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.


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

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

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



Brass Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brass's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Brass's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

* 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.


Brass  (TSE:2424) 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.


Brass Debt-to-Equity Related Terms

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


Brass (TSE:2424) Business Description

Traded in Other Exchanges
N/A
Address
2-34-1 Meieki, Yubinbango451, Ecole Plaza Meieki Building, 4th floor, Nishi-ku, Aichi Prefecture, Nagoya, JPN, 451-0045
Brass Corp is engaged in house wedding business. It is focused on planning and management of wedding reception accompanying house wedding business, sales and rental of wedding costume. It also has a restaurant business.

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