ITO EN (TSE:2593) Debt-to-Equity : 0.42 (As of Jan. 2024)

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What is ITO EN Debt-to-Equity?

ITO EN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円13,823 Mil. ITO EN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円61,870 Mil. ITO EN's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円180,797 Mil. ITO EN's debt to equity for the quarter that ended in Jan. 2024 was 0.42.

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

TSE:2593' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.51 Max: 0.65
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of ITO EN was 0.65. The lowest was 0.42. And the median was 0.51.

TSE:2593's Debt-to-Equity is ranked worse than
57.61% of 92 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.295 vs TSE:2593: 0.42

ITO EN Debt-to-Equity Historical Data

The historical data trend for ITO EN'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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ITO EN Debt-to-Equity Chart

ITO EN Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.46

0.44

0.65

0.49

0.45

ITO EN 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															0.46	0.45	0.44	0.42	0.42

Competitive Comparison of ITO EN's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, ITO EN'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.

ITO EN's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Debt-to-Equity distribution charts can be found below:

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

ITO EN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ITO EN's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(14878	+	61872)	/	170722
	=	0.45

ITO EN's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(13823	+	61870)	/	180797
	=	0.42

ITO EN (TSE:2593) 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.

ITO EN Debt-to-Equity Related Terms

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

ITO EN (TSE:2593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » ITO EN Ltd (TSE:2593) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ITOEF:USA

Address

47-10, Honmachi 3-chome, Shibuya-ku, Tokyo, JPN, 151-8550

Website

https://www.itoen.co.jp

ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.

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