Park24 Co (TSE:4666) Debt-to-Equity : 2.73 (As of Jan. 2024)

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What is Park24 Co Debt-to-Equity?

Park24 Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円41,978 Mil. Park24 Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円129,727 Mil. Park24 Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円62,872 Mil. Park24 Co's debt to equity for the quarter that ended in Jan. 2024 was 2.73.

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 Park24 Co's Debt-to-Equity or its related term are showing as below:

TSE:4666' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 1.48 Max: 14.84
Current: 2.73

During the past 13 years, the highest Debt-to-Equity Ratio of Park24 Co was 14.84. The lowest was 0.58. And the median was 1.48.

TSE:4666's Debt-to-Equity is ranked worse than
94.38% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs TSE:4666: 2.73

Park24 Co Debt-to-Equity Historical Data

The historical data trend for Park24 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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Park24 Co Debt-to-Equity Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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1.59

6.61

13.97

4.87

2.92

Park24 Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															4.15	3.70	3.03	2.92	2.73

Competitive Comparison of Park24 Co's Debt-to-Equity

For the Infrastructure Operations subindustry, Park24 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.

Park24 Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Park24 Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Park24 Co's Debt-to-Equity falls into.

Park24 Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Park24 Co's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(42153	+	128569)	/	58416
	=	2.92

Park24 Co's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(41978	+	129727)	/	62872
	=	2.73

Park24 Co (TSE:4666) 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.

Park24 Co Debt-to-Equity Related Terms

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Park24 Co (TSE:4666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (TSE:4666) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PKCOY:USA 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.

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