Relo Group (TSE:8876) Debt-to-Equity : 2.86 (As of Mar. 2024)

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What is Relo Group Debt-to-Equity?

Relo Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円47,064 Mil. Relo Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円63,566 Mil. Relo Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円38,624 Mil. Relo Group's debt to equity for the quarter that ended in Mar. 2024 was 2.86.

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 Relo Group's Debt-to-Equity or its related term are showing as below:

TSE:8876' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 1.57 Max: 4.2
Current: 2.86

During the past 13 years, the highest Debt-to-Equity Ratio of Relo Group was 4.20. The lowest was 0.33. And the median was 1.57.

TSE:8876's Debt-to-Equity is ranked worse than
91.69% of 915 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:8876: 2.86

Relo Group Debt-to-Equity Historical Data

The historical data trend for Relo Group'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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Relo Group Debt-to-Equity Chart

Relo Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.14

4.20

2.74

2.28

2.86

Relo Group 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															2.28	2.39	2.13	1.97	2.86

Competitive Comparison of Relo Group's Debt-to-Equity

For the Specialty Business Services subindustry, Relo Group'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.

Relo Group's Debt-to-Equity Distribution in the Business Services Industry

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

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

Relo Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Relo Group's Debt to Equity Ratio for the fiscal year 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
	=	(47064	+	63566)	/	38624
	=	2.86

Relo Group'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
	=	(47064	+	63566)	/	38624
	=	2.86

Relo Group (TSE:8876) 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.

Relo Group Debt-to-Equity Related Terms

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

Relo Group (TSE:8876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Relo Group Inc (TSE:8876) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-23, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.relo.jp

Relo Group Inc is a Japan-based company engaged in providing corporate fringe benefit management outsourcing service. It provides comprehensive support for fringe benefit programs, ranging from housing to leisure and lifestyle improvement. The company manages over 100,000 housing unit's companies rent and provides to their employees, and offers 200,000 kinds of benefits to help employees have fun and improve their well-being. It also operates a rental real estate management business all across Japan. The company operates as an agent that helps to run hotels and attract guests. In addition to hotels, it also provides an insurance consulting business.

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