Watts Co (TSE:2735) Debt-to-Equity : 0.25 (As of Feb. 2024)

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What is Watts Co Debt-to-Equity?

Watts Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円891 Mil. Watts Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円2,116 Mil. Watts Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円12,015 Mil. Watts Co's debt to equity for the quarter that ended in Feb. 2024 was 0.25.

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

TSE:2735' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.15 Max: 0.32
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Watts Co was 0.32. The lowest was 0.07. And the median was 0.15.

TSE:2735's Debt-to-Equity is ranked better than
70.71% of 280 companies
in the Retail - Defensive industry
Industry Median: 0.61 vs TSE:2735: 0.25

Watts Co Debt-to-Equity Historical Data

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

Watts Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.10

0.12

0.10

0.25

0.24

Watts 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															0.25	0.26	0.24	0.28	0.25

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

For the Grocery Stores subindustry, Watts 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.

Watts Co's Debt-to-Equity Distribution in the Retail - Defensive Industry

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

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

Watts Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Watts Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(779.496	+	2104.658)	/	11964.983
	=	0.24

Watts 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
	=	(890.712	+	2116.432)	/	12014.834
	=	0.25

Watts Co (TSE:2735) 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.

Watts Co Debt-to-Equity Related Terms

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Watts Co (TSE:2735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Watts Co Ltd (TSE:2735) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shiromi 1-4-70, Chuo-ku, Sumitomo Life Insurance OBP Plaza Building, 5th Floor, Osaka, JPN, 540-0001

Website

http://www.watts-jp.com

Watts Co., Ltd. is engaged in the wholesale of daily necessities, grocery and food products, and other goods. The company's product profile includes Sanitary goods, Cleaning sheet, Water supply equipment, Lunch supplies, and other related products.

Watts Co (TSE:2735) Headlines

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