Progrit (TSE:9560) Debt-to-Equity : 0.08 (As of Feb. 2024)

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What is Progrit Debt-to-Equity?

Progrit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円56 Mil. Progrit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円68 Mil. Progrit's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円1,561 Mil. Progrit's debt to equity for the quarter that ended in Feb. 2024 was 0.08.

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

TSE:9560' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.25 Max: 2.02
Current: 0.08

During the past 4 years, the highest Debt-to-Equity Ratio of Progrit was 2.02. The lowest was 0.08. And the median was 0.25.

TSE:9560's Debt-to-Equity is ranked better than
80.72% of 223 companies
in the Education industry
Industry Median: 0.34 vs TSE:9560: 0.08

Progrit Debt-to-Equity Historical Data

The historical data trend for Progrit'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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Progrit Debt-to-Equity Chart

Progrit Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

2.02

1.81

0.61

0.15

Progrit Quarterly Data
	Aug20	Aug21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial					0.21	0.16	0.15	0.11	0.08

Competitive Comparison of Progrit's Debt-to-Equity

For the Education & Training Services subindustry, Progrit'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.

Progrit's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Progrit's Debt-to-Equity distribution charts can be found below:

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

Progrit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Progrit's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(71.826	+	94.45)	/	1092.925
	=	0.15

Progrit's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(55.933	+	67.78)	/	1560.99
	=	0.08

Progrit (TSE:9560) 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.

Progrit Debt-to-Equity Related Terms

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Progrit (TSE:9560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Progrit Inc (TSE:9560) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-10-1 Yurakucho, Kotsu Kaikan Building 5th Floor, Chiyoda-ku, Tokyo, JPN, 100-0006

Website

https://www.progrit.co.jp

Progrit Inc is engaged in the english coaching services and subscription-based English education services.

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