eREX Co (TSE:9517) Debt-to-Equity : 1.15 (As of Dec. 2023)

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What is eREX Co Debt-to-Equity?

eREX Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円18,870 Mil. eREX Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円37,327 Mil. eREX Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円48,756 Mil. eREX Co's debt to equity for the quarter that ended in Dec. 2023 was 1.15.

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

TSE:9517' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 1.13 Max: 1.96
Current: 1.18

During the past 11 years, the highest Debt-to-Equity Ratio of eREX Co was 1.96. The lowest was 0.44. And the median was 1.13.

TSE:9517's Debt-to-Equity is ranked worse than
59.74% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs TSE:9517: 1.18

eREX Co Debt-to-Equity Historical Data

The historical data trend for eREX 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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eREX Co Debt-to-Equity Chart

eREX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.96

1.08

0.96

0.89

1.18

eREX Co 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															0.89	0.73	0.92	1.15	1.18

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

For the Utilities - Renewable subindustry, eREX 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.

eREX Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, eREX Co's Debt-to-Equity distribution charts can be found below:

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

eREX Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

eREX Co'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
	=	(18030	+	37913)	/	47503
	=	1.18

eREX 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
	=	(18870	+	37327)	/	48756
	=	1.15

eREX Co (TSE:9517) 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.

eREX Co Debt-to-Equity Related Terms

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

eREX Co (TSE:9517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » eREX Co Ltd (TSE:9517) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6HF:Germany

Address

2-2-1 Kyobashi, 14th Floor, Kyobashi Edglan, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.erex.co.jp

eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.

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