Creal (TSE:2998) Debt-to-Equity : 0.88 (As of Dec. 2023)

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What is Creal Debt-to-Equity?

Creal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,173 Mil. Creal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円990 Mil. Creal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,590 Mil. Creal's debt to equity for the quarter that ended in Dec. 2023 was 0.88.

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

TSE:2998' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.06 Max: 4.29
Current: 0.88

During the past 4 years, the highest Debt-to-Equity Ratio of Creal was 4.29. The lowest was 0.84. And the median was 1.06.

TSE:2998's Debt-to-Equity is ranked worse than
85.14% of 1016 companies
in the Asset Management industry
Industry Median: 0.19 vs TSE:2998: 0.88

Creal Debt-to-Equity Historical Data

The historical data trend for Creal'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.

* Premium members only.

Creal Debt-to-Equity Chart

Creal Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

4.29

2.60

1.13

0.98

Creal Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						1.28	0.98	1.06	0.85	0.88

Competitive Comparison of Creal's Debt-to-Equity

For the Asset Management subindustry, Creal'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.

Creal's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Creal's Debt-to-Equity distribution charts can be found below:

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

Creal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Creal's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1181.294	+	1849.416)	/	3109.574
	=	0.97

Creal'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
	=	(2172.68	+	989.976)	/	3589.905
	=	0.88

Creal (TSE:2998) 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.

Creal Debt-to-Equity Related Terms

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Creal (TSE:2998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Creal Inc (TSE:2998) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-2 Higashiueno, Taito-ku, Creal Ueno, Tokyo, JPN, 110-0015

Website

https://corp.creal.jp

Creal Inc is an investment and asset management platform operator, operating real estate funds on-line market and asset management for individual and institutional investors.

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