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.
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.
Trial HoldingsTSE:141A +3.98%39 Debt-to-Equity is 3.00 as of Mar. 2026, which is 733% above its 10-year median of 0.36. GuruFocus rates TSE:141A with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 278 Retail - Defensive companies, Trial Holdings ranks worse than 90.65% on this metric.
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 Trial Holdings's Debt-to-Equity or its related term are showing as below:
TSE:141A'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.36 Max: 3.01
Current: 3.01
During the past 6 years, the highest Debt-to-Equity Ratio of Trial Holdings was 3.01. The lowest was 0.14. And the median was 0.36.
TSE:141A's Debt-to-Equity is ranked worse than 90.65% of 278
companies
in the Retail - Defensive industry
Industry Median: 0.555
vs TSE:141A: 3.01
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.
Trial Holdings Debt-to-Equity Related Terms
Trial Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Trial 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.
TSE:141A vs WMT, COST, TGT: Debt-to-Equity Comparison
For the Discount Stores subindustry, Trial 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.
Trial Holdings Debt-to-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Trial Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Trial Holdings's Debt-to-Equity falls into.
* 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.
Trial Holdings (TSE:141A) has a Debt-to-Equity of 3.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Trial Holdings and its competitors. This is 733% above median its historical median of 0.36. Over the past decade, Trial Holdings' Debt-to-Equity has ranged from 0.14 to 3.01. According to the industry distribution chart, Trial Holdings ranks #252 out of 278 companies in the Retail - Defensive industry, placing it in the top 90.6%.
Is Trial Holdings' Debt-to-Equity too high?
Trial Holdings' current Debt-to-Equity of 3.00 is 733% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 3.01. The Retail - Defensive industry median Debt-to-Equity is 0.56. Trial Holdings' value of 3.00 is 440.5% above this industry median. Based on the distribution chart, Trial Holdings ranks #252 out of 278 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Trial Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Trial Holdings' Debt-to-Equity compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Trial Holdings ranks #252 out of 278 companies for Debt-to-Equity. This places Trial Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.56. Trial Holdings' value of 3.00 is 440.5% above this benchmark. Historically, Trial Holdings' own Debt-to-Equity has ranged from 0.14 to 3.01 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.56, Trial Holdings has consistently been above 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 Retail - Defensive company?
The median Debt-to-Equity among Retail - Defensive companies is 0.56, based on 278 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. Trial Holdings's current Debt-to-Equity of 3.00 is 440.5% above 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 Trial Holdings and its competitors. For the Retail - Defensive industry, the median Debt-to-Equity is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trial Holdings's current Debt-to-Equity is 3.00, which is 733% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trial Holdings stock overvalued right now?
Trial Holdings (TSE:141A) has a current Debt-to-Equity of 3.00. The current Debt-to-Equity is 3.00, which is 733% above median its 10-year median of 0.36 and 440.5% above the Retail - Defensive industry median of 0.56. Trial Holdings' overall GF Score™ is 39/100 with 5 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 Trial Holdings (TSE:141A), the current Debt-to-Equity is 3.00 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.
Trial Holdings Inc is a holding company. Along with its subsidiaries, it operates in the following reportable segments: Retail Distribution Business and Retail AI Business. The majority of its revenue is generated from the Retail Distribution Business, which operates discount stores across Japan, ranging from small to large, along with medium-sized supercenters. The product lineup of the stores focuses on food (especially fresh foods), and non-food items include daily necessities and hard goods. The Retail AI Business segment is mainly involved in research and development aimed at transforming stores into smart stores, as well as the sale of products and the outsourcing of services related to smart stores. In addition, the group is involved in real estate and resort-related businesses.
39GF Score
Get the complete analysis for TSE:141A
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:141A has been successfully added to your 
