LINE (LN) Debt-to-Equity : 1.61 (As of Sep. 2020)

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What is LINE Debt-to-Equity?

LINE's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $1,751 Mil. LINE's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $445 Mil. LINE's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $1,363 Mil. LINE's debt to equity for the quarter that ended in Sep. 2020 was 1.61.

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

LN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 1.22 Max: 2.42
Current: 1.61

During the past 7 years, the highest Debt-to-Equity Ratio of LINE was 2.42. The lowest was 0.00. And the median was 1.22.

LN's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.15 vs LN: 1.61

LINE Debt-to-Equity Historical Data

The historical data trend for LINE'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.

LINE Debt-to-Equity Chart

LINE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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2.42

0.14

0.12

0.83

1.41

LINE Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial															1.36	1.41	1.59	1.63	1.61

Competitive Comparison of LINE's Debt-to-Equity

For the Internet Content & Information subindustry, LINE'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.

LINE's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, LINE's Debt-to-Equity distribution charts can be found below:

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

LINE Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LINE's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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
	=	(317.999	+	1723.183)	/	1449.418
	=	1.41

LINE's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(1751.243	+	445.454)	/	1362.784
	=	1.61

LINE (NYSE:LN) 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.

LINE Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of LINE's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

LINE (LN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » LINE Corp (NYSE:LN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

JR Shinjuku Miraina Tower, 4-1-6 Shinjuku, 23rd Floor, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.linecorp.com

Line is the leading mobile messaging app in Japan, Taiwan, and Thailand, and also has a strong following in Indonesia. As at the end of 2018, the company had 166 million monthly active users in four major countries, and in particular, it had established a dominant position in Japan, Taiwan, and Thailand. The company is focusing on adding new applications and advertising services to increase monetization, in order to leverage its established user base. Approximately 72% of revenue is from the domestic market.

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