Higashimaru Co (FSE:2058) Debt-to-Equity : 1.22 (As of Dec. 2023)

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What is Higashimaru Co Debt-to-Equity?

Higashimaru Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,014 Mil. Higashimaru Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,575 Mil. Higashimaru Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円5,382 Mil. Higashimaru Co's debt to equity for the quarter that ended in Dec. 2023 was 1.22.

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

FSE:2058' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.87 Max: 1.34
Current: 1.22

During the past 11 years, the highest Debt-to-Equity Ratio of Higashimaru Co was 1.34. The lowest was 0.57. And the median was 0.87.

FSE:2058's Debt-to-Equity is ranked worse than
82.44% of 1640 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs FSE:2058: 1.22

Higashimaru Co Debt-to-Equity Historical Data

The historical data trend for Higashimaru 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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Higashimaru Co Debt-to-Equity Chart

Higashimaru Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.98

1.09

0.90

0.93

1.34

Higashimaru 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															1.21	1.34	1.19	1.19	1.22

Competitive Comparison of Higashimaru Co's Debt-to-Equity

For the Farm Products subindustry, Higashimaru 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.

Higashimaru Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Higashimaru Co's Debt-to-Equity distribution charts can be found below:

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

Higashimaru Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Higashimaru Co'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
	=	(3827	+	3177)	/	5214
	=	1.34

Higashimaru 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
	=	(4014	+	2575)	/	5382
	=	1.22

Higashimaru Co (FSE:2058) 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.

Higashimaru Co Debt-to-Equity Related Terms

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Higashimaru Co (FSE:2058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Higashimaru Co Ltd (FSE:2058) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594

Website

http://www.k-higashimaru.co.jp

Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.

Higashimaru Co (FSE:2058) Headlines

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