Zenhoren Co (TSE:5845) Debt-to-Equity : 0.60 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Zenhoren Co Debt-to-Equity?

Zenhoren Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,005 Mil. Zenhoren Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円693 Mil. Zenhoren Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円4,474 Mil. Zenhoren Co's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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

TSE:5845' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 2.16 Max: 3.74
Current: 0.6

During the past 2 years, the highest Debt-to-Equity Ratio of Zenhoren Co was 3.74. The lowest was 0.60. And the median was 2.16.

TSE:5845's Debt-to-Equity is ranked worse than
60.83% of 919 companies
in the Business Services industry
Industry Median: 0.37 vs TSE:5845: 0.60

Zenhoren Co Debt-to-Equity Historical Data

The historical data trend for Zenhoren 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.

* Premium members only.

Zenhoren Co Debt-to-Equity Chart

Zenhoren Co Annual Data

Trend

Mar22

Mar23

Debt-to-Equity

2.55

3.74

Zenhoren Co Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	2.55	3.74	2.16	1.63	0.60

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

For the Specialty Business Services subindustry, Zenhoren 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.

Zenhoren Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zenhoren Co's Debt-to-Equity distribution charts can be found below:

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

Zenhoren Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zenhoren Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4095	+	1337)	/	1454
	=	3.74

Zenhoren Co's Debt to Equity Ratio for the quarter 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
	=	(2005	+	693)	/	4474
	=	0.60

Zenhoren Co (TSE:5845) 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.

Zenhoren Co Debt-to-Equity Related Terms

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

Zenhoren Co (TSE:5845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zenhoren Co Ltd (TSE:5845) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 Ameku, Okinawa, Naha, JPN, 900-8608

Website

https://www.zenhoren.jp

Zenhoren Co Ltd is engaged in the Rent liability guarantee business.

Zenhoren Co (TSE:5845) Headlines

No Headlines