VLC Holdings Co (NGO:2467) Debt-to-Equity: 0.19 (As of Mar. 2026) — 17% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:2467 VLC Holdings Co Ltd NGO:2467
54 GF Score
Price 円161.00
GF Value 円140.01
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is VLC Holdings Co Debt-to-Equity?

VLC Holdings Co NGO:2467 -3.01% 54 Debt-to-Equity is 0.19 as of Mar. 2026, which is 17% below its 10-year median of 0.23. GuruFocus rates NGO:2467 with a GF Score™ of 54/100 and a GF Value™ of 円140.01 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,248 Software companies, VLC Holdings Co ranks better than 51.2% on this metric.

VLC Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円38 Mil. VLC Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円72 Mil. VLC Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円583 Mil. VLC Holdings Co's debt to equity for the quarter that ended in Mar. 2026 was 0.19.

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

NGO:2467' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.23   Max: 0.88
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of VLC Holdings Co was 0.88. The lowest was 0.00. And the median was 0.23.

NGO:2467's Debt-to-Equity is ranked better than
51.2% of 2248 companies
in the Software industry
Industry Median: 0.19 vs NGO:2467: 0.19

VLC Holdings Co  (NGO:2467) 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.


VLC Holdings Co Debt-to-Equity Related Terms


VLC Holdings Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for VLC Holdings 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.

VLC Holdings Co Debt-to-Equity Chart

VLC Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.06 0.87 0.28 0.19

VLC Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.22 0.28 0.12 0.19

NGO:2467 vs IBM, ACN, FISV: Debt-to-Equity Comparison

For the Information Technology Services subindustry, VLC Holdings 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.


VLC Holdings Co Debt-to-Equity vs Software Industry

For the Software industry and Technology sector, VLC Holdings Co's Debt-to-Equity distribution charts can be found below:

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


NGO:2467
54GF Score
VLC Holdings Co Ltd NGO:2467
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VLC Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

VLC Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

VLC Holdings Co's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.19 mean?
VLC Holdings Co (NGO:2467) has a Debt-to-Equity of 0.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on VLC Holdings Co and its competitors. This is 17% below median its historical median of 0.23. According to the industry distribution chart, VLC Holdings Co ranks #1097 out of 2248 companies in the Software industry, placing it in the top 48.8%.
Is VLC Holdings Co's Debt-to-Equity too high?
VLC Holdings Co's current Debt-to-Equity of 0.19 is 17% below median its 10-year median of 0.23. The Software industry median Debt-to-Equity is 0.19. VLC Holdings Co's value of 0.19 is 0% at this industry median. Based on the distribution chart, VLC Holdings Co ranks #1097 out of 2248 companies in the Software industry, which is above the industry midpoint. Overall, VLC Holdings Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VLC Holdings Co's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, VLC Holdings Co ranks #1097 out of 2248 companies for Debt-to-Equity. This puts VLC Holdings Co in the upper half of its industry. The industry median Debt-to-Equity is 0.19. VLC Holdings Co's value of 0.19 is 0% at this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 0.19, VLC Holdings Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,248 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VLC Holdings Co's current Debt-to-Equity of 0.19 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on VLC Holdings Co and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VLC Holdings Co's current Debt-to-Equity is 0.19, which is 17% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VLC Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, VLC Holdings Co (NGO:2467) is currently considered Modestly Overvalued. The stock's GF Value™ is 円140.01, compared to a current price of 円161.00 — trading 15% above its estimated fair value. The current Debt-to-Equity is 0.19, which is 17% below median its 10-year median of 0.23 and 0% at the Software industry median of 0.19. VLC Holdings Co's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For VLC Holdings Co (NGO:2467), the current Debt-to-Equity is 0.19 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VLC Holdings Co (NGO:2467) Overvalued in 2026?

Based on GuruFocus' analysis, VLC Holdings Co stock appears to be overvalued. The current stock price of 円161.00 is trading 15% above its estimated GF Value™ of 円140.01. GuruFocus considers VLC Holdings Co to be Modestly Overvalued.

Key valuation signals for NGO:2467:

  • Debt-to-Equity: 0.19 (17% below median its 10-year median of 0.23)
  • GF Value™: 円140.01 vs. price of 円161.00 (15% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 0% at the Software median (#1097 of 2248)

No single metric tells the full story. See the NGO:2467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VLC Holdings Co Business Description

Address No. 2, No. 2, Chuo-ku Nihombashi Bashoku-cho, Asahi Mutual Life Insurance Building, Chuo-ku, Tokyo, JPN, 103-0002
VLC Holdings Co Ltd provides consultancy services. It also offers compliance management, internet marketing research and other survey services. Its consulting business includes information security, marketing research through internet and sales promotion. It provides other services related to cybersecurity products.
54GF Score

Get the complete analysis for NGO:2467

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円161.00
Price
円140.01
GF Value