Meitec Group Holdings (TSE:9744) Debt-to-Equity

: 0.00 (As of Dec. 2023)

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Meitec Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Meitec Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Meitec Group Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円46,403 Mil. Meitec Group Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

TSE:9744's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.4
* Ranked among companies with meaningful Debt-to-Equity only.

Meitec Group Holdings Debt-to-Equity Historical Data

The historical data trend for Meitec Group Holdings'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.

Meitec Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Meitec Group Holdings 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																-	-	-	-	-

Competitive Comparison

For the Staffing & Employment Services subindustry, Meitec Group Holdings'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.

Meitec Group Holdings Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, Meitec Group Holdings's Debt-to-Equity distribution charts can be found below:

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

Meitec Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meitec Group Holdings'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
	=	(0	+	0)	/	46720
	=	0.00

Meitec Group Holdings'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	+	0)	/	46403
	=	0.00

Meitec Group Holdings (TSE:9744) 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.

Meitec Group Holdings Debt-to-Equity Related Terms

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Meitec Group Holdings (TSE:9744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meitec Group Holdings Inc (TSE:9744) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-10 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

https://www.meitec.co.jp

Meitec Group Holdings Inc formerly Meitec Corp offers staffing in the flexible labour market and engineering solutions for manufacturers. The company provides temporary engineering staffing, senior-workforce development, career development and career change support, global engineering solution outsourcing, prototyping and mold making, mounting and design of circuit boards, and information technology solutions. The core business segment is temporary staffing offering flexible staffing for engineering companies. Meitec operates in Japan.

Meitec Group Holdings (TSE:9744) Headlines

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