Renewable Japan Co (TSE:9522) Debt-to-Equity : 12.35 (As of Mar. 2024)

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What is Renewable Japan Co Debt-to-Equity?

Renewable Japan Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円27,696 Mil. Renewable Japan Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円105,978 Mil. Renewable Japan Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円10,824 Mil. Renewable Japan Co's debt to equity for the quarter that ended in Mar. 2024 was 12.35.

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

TSE:9522' s Debt-to-Equity Range Over the Past 10 Years
Min: 9.16 Med: 13.22 Max: 15.21
Current: 12.35

During the past 5 years, the highest Debt-to-Equity Ratio of Renewable Japan Co was 15.21. The lowest was 9.16. And the median was 13.22.

TSE:9522's Debt-to-Equity is ranked worse than
99.74% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs TSE:9522: 12.35

Renewable Japan Co Debt-to-Equity Historical Data

The historical data trend for Renewable Japan 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.

* Premium members only.

Renewable Japan Co Debt-to-Equity Chart

Renewable Japan Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

11.40

9.16

9.37

14.82

12.21

Renewable Japan Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								14.05	13.22	13.35	12.21	12.35

Competitive Comparison of Renewable Japan Co's Debt-to-Equity

For the Utilities - Renewable subindustry, Renewable Japan 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.

Renewable Japan Co's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

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

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

Renewable Japan Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renewable Japan 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
	=	(23361	+	107675)	/	10736
	=	12.21

Renewable Japan Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(27696	+	105978)	/	10824
	=	12.35

Renewable Japan Co (TSE:9522) 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.

Renewable Japan Co Debt-to-Equity Related Terms

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Renewable Japan Co (TSE:9522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renewable Japan Co Ltd (TSE:9522) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-2-8 Toranomon, Access to the 9th floor of Toranomon Kotohira Tower, Minato-ku, Tokyo, JPN, 105-000

Website

https://www.rn-j.com

Renewable Japan Co Ltd is engaged in the development and operation of renewable energy power plants.

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