Meiho Holdings (TSE:7369) Debt-to-Equity : 1.75 (As of Dec. 2023)

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What is Meiho Holdings Debt-to-Equity?

Meiho Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円511 Mil. Meiho Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,914 Mil. Meiho Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,954 Mil. Meiho Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.75.

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

TSE:7369' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.38 Max: 1.75
Current: 1.75

During the past 5 years, the highest Debt-to-Equity Ratio of Meiho Holdings was 1.75. The lowest was 0.09. And the median was 0.38.

TSE:7369's Debt-to-Equity is ranked worse than
85.02% of 928 companies
in the Business Services industry
Industry Median: 0.37 vs TSE:7369: 1.75

Meiho Holdings Debt-to-Equity Historical Data

The historical data trend for Meiho 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.

* Premium members only.

Meiho Holdings Debt-to-Equity Chart

Meiho Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

1.47

0.98

0.20

0.33

0.16

Meiho Holdings Quarterly Data
	Jun19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.30	0.43	0.16	0.28	1.75

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

For the Specialty Business Services subindustry, Meiho 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.

Meiho Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Meiho Holdings's Debt-to-Equity distribution charts can be found below:

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

Meiho Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meiho Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(40.594	+	302.077)	/	2125.113
	=	0.16

Meiho Holdings'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
	=	(511.319	+	2913.729)	/	1954.152
	=	1.75

Meiho Holdings (TSE:7369) 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.

Meiho Holdings Debt-to-Equity Related Terms

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Meiho Holdings (TSE:7369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meiho Holdings Inc (TSE:7369) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-21 Fukiagecho, Gifu, JPN, 500-8326

Website

https://meihoholdings.co.jp

Meiho Holdings Inc is engaged in the construction consulting, compensate consulting, land survey, geological survey, temporary staffing services, security, construction and nursing care, . and related operations.

Meiho Holdings (TSE:7369) Headlines

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