Joyful Honda Co (TSE:3191) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Joyful Honda Co Debt-to-Equity?

Joyful Honda Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,965 Mil. Joyful Honda Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円6,959 Mil. Joyful Honda Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円117,830 Mil. Joyful Honda Co's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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

TSE:3191' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.14 Max: 0.31
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Joyful Honda Co was 0.31. The lowest was 0.00. And the median was 0.14.

TSE:3191's Debt-to-Equity is ranked better than
88.41% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs TSE:3191: 0.08

Joyful Honda Co Debt-to-Equity Historical Data

The historical data trend for Joyful Honda 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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Joyful Honda Co Debt-to-Equity Chart

Joyful Honda Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.28

0.24

0.19

0.14

0.10

Joyful Honda Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.10	0.10	0.09	0.08

Competitive Comparison of Joyful Honda Co's Debt-to-Equity

For the Home Improvement Retail subindustry, Joyful Honda 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.

Joyful Honda Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Joyful Honda Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Joyful Honda Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(3132	+	9163)	/	119328
	=	0.10

Joyful Honda Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(2965	+	6959)	/	117830
	=	0.08

Joyful Honda Co (TSE:3191) 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.

Joyful Honda Co Debt-to-Equity Related Terms

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Joyful Honda Co (TSE:3191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Joyful Honda Co Ltd (TSE:3191) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-16-2 Fujisaki, Ibaraki Prefecture, Tsuchiura, JPN, 300-0813

Website

https://www.joyfulhonda.com

Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.

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