Rakuten Group (TSE:4755) Debt-to-Equity : 5.73 (As of Dec. 2023)

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What is Rakuten Group Debt-to-Equity?

Rakuten Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Rakuten Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,795,173 Mil. Rakuten Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円836,572 Mil. Rakuten Group's debt to equity for the quarter that ended in Dec. 2023 was 5.73.

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

TSE:4755' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.98 Med: 1.97 Max: 6.21
Current: 5.73

During the past 13 years, the highest Debt-to-Equity Ratio of Rakuten Group was 6.21. The lowest was 0.98. And the median was 1.97.

TSE:4755's Debt-to-Equity is ranked worse than
96.71% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs TSE:4755: 5.73

Rakuten Group Debt-to-Equity Historical Data

The historical data trend for Rakuten Group'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.

Rakuten Group Debt-to-Equity Chart

Rakuten Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.35

4.09

3.11

6.21

5.73

Rakuten Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															6.21	6.89	4.79	4.93	5.73

Competitive Comparison of Rakuten Group's Debt-to-Equity

For the Internet Retail subindustry, Rakuten Group'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.

Rakuten Group's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rakuten Group's Debt-to-Equity distribution charts can be found below:

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

Rakuten Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rakuten Group'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
	=	(0	+	4795173)	/	836572
	=	5.73

Rakuten Group'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
	=	(0	+	4795173)	/	836572
	=	5.73

Rakuten Group (TSE:4755) 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.

Rakuten Group Debt-to-Equity Related Terms

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

Rakuten Group (TSE:4755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rakuten Group Inc (TSE:4755) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RKUNY:USA RKUNF:USA RAK:Germany

Address

4-12-3 Higashishinagawa, Shinagawa Seaside Rakuten Tower, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

https://www.rakuten.co.jp

Rakuten is a leading e-commerce and fintech service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, Rakuten Securities, and decided to become the fourth mobile network operator in Japan, started its full service in April 2020. Mergers and acquisitions in internet and e-finance businesses have driven growth. The loyalty programme, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 80% of its revenue is generated from the Japanese market.

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