Echo Trading Co (TSE:7427) Debt-to-Equity : 0.39 (As of Nov. 2023)

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What is Echo Trading Co Debt-to-Equity?

Echo Trading Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円4,100 Mil. Echo Trading Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円0 Mil. Echo Trading Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円10,440 Mil. Echo Trading Co's debt to equity for the quarter that ended in Nov. 2023 was 0.39.

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

TSE:7427' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.49 Max: 0.77
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Echo Trading Co was 0.77. The lowest was 0.24. And the median was 0.49.

TSE:7427's Debt-to-Equity is ranked better than
51.86% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TSE:7427: 0.39

Echo Trading Co Debt-to-Equity Historical Data

The historical data trend for Echo Trading 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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Echo Trading Co Debt-to-Equity Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.57

0.28

0.46

0.39

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.39	0.49	0.30	0.39

Competitive Comparison of Echo Trading Co's Debt-to-Equity

For the Packaged Foods subindustry, Echo Trading 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.

Echo Trading Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Echo Trading Co's Debt-to-Equity distribution charts can be found below:

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

Echo Trading Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echo Trading Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(3700	+	0)	/	9553.106
	=	0.39

Echo Trading Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(4100	+	0)	/	10440.127
	=	0.39

Echo Trading Co (TSE:7427) 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.

Echo Trading Co Debt-to-Equity Related Terms

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Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

Echo Trading Co (TSE:7427) Headlines

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