Forval Telecom (TSE:9445) Debt-to-Equity : 0.69 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Forval Telecom Debt-to-Equity?

Forval Telecom's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,850 Mil. Forval Telecom's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Forval Telecom's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,666 Mil. Forval Telecom's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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

TSE:9445' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.85 Max: 3.05
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Forval Telecom was 3.05. The lowest was 0.21. And the median was 0.85.

TSE:9445's Debt-to-Equity is ranked worse than
51.15% of 348 companies
in the Telecommunication Services industry
Industry Median: 0.665 vs TSE:9445: 0.69

Forval Telecom Debt-to-Equity Historical Data

The historical data trend for Forval Telecom'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.

Forval Telecom Debt-to-Equity Chart

Forval Telecom Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.46

2.58

2.20

0.93

0.71

Forval Telecom 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															1.10	0.71	0.98	0.79	0.69

Competitive Comparison of Forval Telecom's Debt-to-Equity

For the Telecom Services subindustry, Forval Telecom'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.

Forval Telecom's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forval Telecom's Debt-to-Equity distribution charts can be found below:

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

Forval Telecom Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Forval Telecom's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1728	+	0)	/	2441.001
	=	0.71

Forval Telecom'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
	=	(1850	+	0)	/	2666.256
	=	0.69

Forval Telecom (TSE:9445) 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.

Forval Telecom Debt-to-Equity Related Terms

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

Forval Telecom (TSE:9445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Forval Telecom Inc (TSE:9445) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-26, Kanda-Nishikicho, HitotsubashiSI Bldg. 2F, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.forvaltel.co.jp

Forval Telecom Inc provides telecommunications communication services and management consulting services in Japan. It provides discount international and domestic telephone and cellular phone services for the business and private sectors. It is also involved in the security certification acquisition consulting business.

Forval Telecom (TSE:9445) Headlines

No Headlines