West Holdings (TSE:1407) Debt-to-Equity : 2.55 (As of Feb. 2024)

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What is West Holdings Debt-to-Equity?

West Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円19,285 Mil. West Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円59,869 Mil. West Holdings's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円31,087 Mil. West Holdings's debt to equity for the quarter that ended in Feb. 2024 was 2.55.

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

TSE:1407' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.65 Med: 2.54 Max: 3.22
Current: 2.55

During the past 13 years, the highest Debt-to-Equity Ratio of West Holdings was 3.22. The lowest was 1.65. And the median was 2.54.

TSE:1407's Debt-to-Equity is ranked worse than
86.12% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs TSE:1407: 2.55

West Holdings Debt-to-Equity Historical Data

The historical data trend for West 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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West Holdings Debt-to-Equity Chart

West Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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2.86

2.39

2.12

2.15

2.49

West Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															2.49	2.53	2.49	2.68	2.55

Competitive Comparison of West Holdings's Debt-to-Equity

For the Utilities - Renewable subindustry, West 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.

West Holdings's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

West Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West Holdings's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(18006	+	60248)	/	31385
	=	2.49

West Holdings's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(19285	+	59869)	/	31087
	=	2.55

West Holdings (TSE:1407) 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.

West Holdings Debt-to-Equity Related Terms

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

West Holdings (TSE:1407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » West Holdings Corp (TSE:1407) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-20-2 Nishi-Shinjuku, Tokyo Opera City Building 32 Floor, Shinjuku-ku, Tokyo, JPN, 163-1432

Website

http://www.west-gr.co.jp

West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.

West Holdings (TSE:1407) Headlines

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