Horai Co (TSE:9679) Debt-to-Equity

: 0.30 (As of Dec. 2023)

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Horai Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円170 Mil. Horai Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,600 Mil. Horai Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円9,156 Mil. Horai Co's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

TSE:9679' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.25 Max: 0.41
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Horai Co was 0.41. The lowest was 0.04. And the median was 0.25.

TSE:9679's Debt-to-Equity is ranked worse than
54.55% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs TSE:9679: 0.30

Horai Co Debt-to-Equity Historical Data

The historical data trend for Horai 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.

* Premium members only.

Horai Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.04

0.41

0.38

0.34

0.31

Horai 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																0.32	0.31	0.31	0.31	0.30

Competitive Comparison

For the Insurance - Diversified subindustry, Horai 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.

Horai Co Debt-to-Equity Distribution

For the Insurance industry and Financial Services sector, Horai Co's Debt-to-Equity distribution charts can be found below:

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

Horai Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horai 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
	=	(133.752	+	2679.306)	/	9104.623
	=	0.31

Horai 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
	=	(170	+	2600)	/	9156.354
	=	0.30

Horai Co (TSE:9679) 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.

Horai Co Debt-to-Equity Related Terms

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Horai Co (TSE:9679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Horai Co Ltd (TSE:9679) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Number 5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.horai-kk.co.jp

Horai Co Ltd is engaged in the life insurance business, leasing and management of buildings and real estate, manufacture and sale of milk and dairy products, breeding, milking, and fed production of dairy cattle, and management of restaurants and tourist facilities.

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