Good Speed Co (TSE:7676) Debt-to-Equity : -18.10 (As of Dec. 2023)

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What is Good Speed Co Debt-to-Equity?

Good Speed Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円18,602 Mil. Good Speed Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円7,267 Mil. Good Speed Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円-1,429 Mil. Good Speed Co's debt to equity for the quarter that ended in Dec. 2023 was -18.10.

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

TSE:7676' s Debt-to-Equity Range Over the Past 10 Years
Min: -39.45 Med: 9.43 Max: 18.39
Current: -18.1

During the past 7 years, the highest Debt-to-Equity Ratio of Good Speed Co was 18.39. The lowest was -39.45. And the median was 9.43.

TSE:7676's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs TSE:7676: -18.10

Good Speed Co Debt-to-Equity Historical Data

The historical data trend for Good Speed 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.

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Good Speed Co Debt-to-Equity Chart

Good Speed Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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6.39

9.43

8.96

9.95

-39.45

Good Speed Co 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															7.93	8.01	8.17	-39.45	-18.10

Competitive Comparison of Good Speed Co's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Good Speed 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.

Good Speed Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Speed Co's Debt-to-Equity distribution charts can be found below:

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

Good Speed Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Good Speed Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(18010.338	+	7514.129)	/	-647.091
	=	-39.44

Good Speed Co'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
	=	(18601.818	+	7266.948)	/	-1429.009
	=	-18.10

Good Speed Co (TSE:7676) 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.

Good Speed Co Debt-to-Equity Related Terms

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Good Speed Co (TSE:7676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Speed Co Ltd (TSE:7676) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-28-23 Izumi, Higashi-ku, Takatake KANAME Building 8th Floor, Nagoya, JPN, 461-0001

Website

https://goodspeed-group.co.jp

Good Speed Co Ltd is a Japanese based company primarily involved in the automobile sector. The business activities of the group include sales of used cars, sales of parts and supplies, repair and inspection of automobiles, car rental business and others.

Good Speed Co (TSE:7676) Headlines

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