Fast Accounting Co (TSE:5588) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Fast Accounting Co Debt-to-Equity?

Fast Accounting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円10 Mil. Fast Accounting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円16 Mil. Fast Accounting Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円937 Mil. Fast Accounting Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

TSE:5588' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.35
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Fast Accounting Co was 0.35. The lowest was 0.03. And the median was 0.09.

TSE:5588's Debt-to-Equity is ranked better than
86.79% of 2211 companies
in the Software industry
Industry Median: 0.21 vs TSE:5588: 0.03

Fast Accounting Co Debt-to-Equity Historical Data

The historical data trend for Fast Accounting 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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Fast Accounting Co Debt-to-Equity Chart

Fast Accounting Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.35

0.23

0.03

Fast Accounting Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.23	0.14	0.04	0.03	0.03

Competitive Comparison of Fast Accounting Co's Debt-to-Equity

For the Software - Infrastructure subindustry, Fast Accounting 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.

Fast Accounting Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Fast Accounting Co's Debt-to-Equity distribution charts can be found below:

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

Fast Accounting Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fast Accounting Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(9.816	+	18.062)	/	882.696
	=	0.03

Fast Accounting 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
	=	(9.816	+	15.608)	/	937.011
	=	0.03

Fast Accounting Co (TSE:5588) 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.

Fast Accounting Co Debt-to-Equity Related Terms

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Fast Accounting Co (TSE:5588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fast Accounting Co Ltd (TSE:5588) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-15 Hamamatsucho, VORT Hamamatsucho I 3rd Floor, Minato-ku, Tokyo, JPN, 105-0013

Website

https://www.fastaccounting.jp

Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others.

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