Kobe Bussan Co (TSE:3038) Debt-to-Equity : 0.33 (As of Jan. 2024)

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What is Kobe Bussan Co Debt-to-Equity?

Kobe Bussan Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円1,005 Mil. Kobe Bussan Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円36,846 Mil. Kobe Bussan Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円115,788 Mil. Kobe Bussan Co's debt to equity for the quarter that ended in Jan. 2024 was 0.33.

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

TSE:3038' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 1.8 Max: 5.54
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Kobe Bussan Co was 5.54. The lowest was 0.33. And the median was 1.80.

TSE:3038's Debt-to-Equity is ranked better than
65.95% of 279 companies
in the Retail - Defensive industry
Industry Median: 0.62 vs TSE:3038: 0.33

Kobe Bussan Co Debt-to-Equity Historical Data

The historical data trend for Kobe Bussan 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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Kobe Bussan Co Debt-to-Equity Chart

Kobe Bussan Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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1.31

0.83

0.44

0.36

0.34

Kobe Bussan Co 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															0.49	0.42	0.38	0.34	0.33

Competitive Comparison of Kobe Bussan Co's Debt-to-Equity

For the Grocery Stores subindustry, Kobe Bussan 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.

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

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

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

Kobe Bussan Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kobe Bussan Co's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(1319	+	37001)	/	114450
	=	0.33

Kobe Bussan Co'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
	=	(1005	+	36846)	/	115788
	=	0.33

Kobe Bussan Co (TSE:3038) 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.

Kobe Bussan Co Debt-to-Equity Related Terms

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Kobe Bussan Co (TSE:3038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kobe Bussan Co Ltd (TSE:3038) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

59G:Germany

Address

883 Nakaishiki Inami-cho, Hyogo-ken, Kako-gun, JPN, 675-1127

Website

http://www.kobebussan.co.jp

Kobe Bussan Co.,Ltd. is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.

Kobe Bussan Co (TSE:3038) Headlines

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