Kura Sushi Asia Co (ROCO:2754) Debt-to-Equity : 1.52 (As of Mar. 2024)

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What is Kura Sushi Asia Co Debt-to-Equity?

Kura Sushi Asia Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$512 Mil. Kura Sushi Asia Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$2,126 Mil. Kura Sushi Asia Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$1,737 Mil. Kura Sushi Asia Co's debt to equity for the quarter that ended in Mar. 2024 was 1.52.

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

ROCO:2754' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 1.39 Max: 1.78
Current: 1.52

During the past 8 years, the highest Debt-to-Equity Ratio of Kura Sushi Asia Co was 1.78. The lowest was 0.05. And the median was 1.39.

ROCO:2754's Debt-to-Equity is ranked worse than
66.56% of 302 companies
in the Restaurants industry
Industry Median: 0.935 vs ROCO:2754: 1.52

Kura Sushi Asia Co Debt-to-Equity Historical Data

The historical data trend for Kura Sushi Asia 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.

Kura Sushi Asia Co Debt-to-Equity Chart

Kura Sushi Asia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.94

1.03

1.71

1.45

1.62

Kura Sushi Asia Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.38	1.46	1.53	1.62	1.52

Competitive Comparison of Kura Sushi Asia Co's Debt-to-Equity

For the Restaurants subindustry, Kura Sushi Asia 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.

Kura Sushi Asia Co's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kura Sushi Asia Co's Debt-to-Equity distribution charts can be found below:

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

Kura Sushi Asia Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kura Sushi Asia Co's Debt to Equity Ratio for the fiscal year 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
	=	(466.648	+	2190.358)	/	1638.18
	=	1.62

Kura Sushi Asia Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(511.936	+	2125.531)	/	1736.549
	=	1.52

Kura Sushi Asia Co (ROCO:2754) 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.

Kura Sushi Asia Co Debt-to-Equity Related Terms

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Kura Sushi Asia Co (ROCO:2754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kura Sushi Asia Co Ltd (ROCO:2754) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, 6F.&6F-1, Number 32, Section 3, Zhongshan District, Taipei, TWN, 104

Website

https://www.kurasushi.tw

Kura Sushi Asia Co Ltd is a Taiwan-based company engaged in the operation of restaurants. The dishes offered in these restaurants include Sushi, Warship, Hand Roll, Roll, Side Meal, Dessert, and Drinks.

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