Japan Hospice Holdings (TSE:7061) Debt-to-Equity : 3.69 (As of Mar. 2024)

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What is Japan Hospice Holdings Debt-to-Equity?

Japan Hospice Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円611 Mil. Japan Hospice Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円10,183 Mil. Japan Hospice Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,924 Mil. Japan Hospice Holdings's debt to equity for the quarter that ended in Mar. 2024 was 3.69.

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 Japan Hospice Holdings's Debt-to-Equity or its related term are showing as below:

TSE:7061' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.6 Med: 4.01 Max: 11.98
Current: 3.69

During the past 7 years, the highest Debt-to-Equity Ratio of Japan Hospice Holdings was 11.98. The lowest was 2.60. And the median was 4.01.

TSE:7061's Debt-to-Equity is ranked worse than
94.69% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs TSE:7061: 3.69

Japan Hospice Holdings Debt-to-Equity Historical Data

The historical data trend for Japan Hospice Holdings'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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Japan Hospice Holdings Debt-to-Equity Chart

Japan Hospice Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.80

3.47

4.35

4.02

4.05

Japan Hospice Holdings 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															4.42	4.13	4.06	4.05	3.69

Competitive Comparison of Japan Hospice Holdings's Debt-to-Equity

For the Medical Care Facilities subindustry, Japan Hospice Holdings'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.

Japan Hospice Holdings's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Japan Hospice Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Japan Hospice Holdings's Debt-to-Equity falls into.

Japan Hospice Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Hospice Holdings'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
	=	(601.068	+	10292.545)	/	2692.422
	=	4.05

Japan Hospice Holdings'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
	=	(610.827	+	10182.98)	/	2924.378
	=	3.69

Japan Hospice Holdings (TSE:7061) 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.

Japan Hospice Holdings Debt-to-Equity Related Terms

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Japan Hospice Holdings (TSE:7061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Japan Hospice Holdings Inc (TSE:7061) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd floor, New Tokyo Building, 3-1 Marunouchi 3-chome Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.jhospice.co.jp

Japan Hospice Holdings Inc is engaged in providing nursing and visiting nursing care care services in Japan. The company's services include Hospice house, Home hospice service, and Planning and design supervision commissioned business.

Japan Hospice Holdings (TSE:7061) Headlines

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