Thinca Co (TSE:149A) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Thinca Co Debt-to-Equity?

Thinca Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2.1 Mil. Thinca Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円21.9 Mil. Thinca Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円391.9 Mil. Thinca Co's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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

TSE:149A' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.12
Current: 0.06

During the past 3 years, the highest Debt-to-Equity Ratio of Thinca Co was 0.12. The lowest was 0.06. And the median was 0.09.

TSE:149A's Debt-to-Equity is ranked better than
74.73% of 2224 companies
in the Software industry
Industry Median: 0.21 vs TSE:149A: 0.06

Thinca Co Debt-to-Equity Historical Data

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

Thinca Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.09

0.12

0.06

Thinca Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23
Debt-to-Equity	0.09	0.12	0.06	0.06

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

For the Software - Application subindustry, Thinca 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.

Thinca Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Thinca Co's Debt-to-Equity distribution charts can be found below:

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

Thinca Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thinca Co'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
	=	(2.1	+	21.875)	/	391.939
	=	0.06

Thinca 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
	=	(2.1	+	21.875)	/	391.939
	=	0.06

Thinca Co (TSE:149A) 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.

Thinca Co Debt-to-Equity Related Terms

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Thinca Co (TSE:149A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

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