Chiikishinbunsha Co (TSE:2164) Debt-to-Equity : 2.35 (As of Feb. 2024)

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What is Chiikishinbunsha Co Debt-to-Equity?

Chiikishinbunsha Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円300 Mil. Chiikishinbunsha Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円110 Mil. Chiikishinbunsha Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円175 Mil. Chiikishinbunsha Co's debt to equity for the quarter that ended in Feb. 2024 was 2.35.

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

TSE:2164' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.83 Max: 13.52
Current: 2.35

During the past 13 years, the highest Debt-to-Equity Ratio of Chiikishinbunsha Co was 13.52. The lowest was 0.05. And the median was 0.83.

TSE:2164's Debt-to-Equity is ranked worse than
91.63% of 836 companies
in the Media - Diversified industry
Industry Median: 0.285 vs TSE:2164: 2.35

Chiikishinbunsha Co Debt-to-Equity Historical Data

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

Chiikishinbunsha Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.56

5.55

9.48

3.44

3.03

Chiikishinbunsha Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															4.79	3.68	3.03	2.66	2.35

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

For the Publishing subindustry, Chiikishinbunsha 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.

Chiikishinbunsha Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Chiikishinbunsha Co's Debt-to-Equity distribution charts can be found below:

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

Chiikishinbunsha Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chiikishinbunsha Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(300.852	+	165.878)	/	154.253
	=	3.03

Chiikishinbunsha Co's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(300.024	+	110.014)	/	174.595
	=	2.35

Chiikishinbunsha Co (TSE:2164) 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.

Chiikishinbunsha Co Debt-to-Equity Related Terms

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Chiikishinbunsha Co (TSE:2164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chiikishinbunsha Co Ltd (TSE:2164) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-1 Sakaimachi, Asahi Life Funabashi Sakaimachi Building 5th Floor, Chiba Prefecture, Funabashi, JPN, 273-0011

Website

http://www.chiikinews.co.jp

Chiikishinbunsha Co Ltd is engaged in publishing a local newspaper. It provides design and production of various types of printed matter; distribution business of various promotional products; collection, processing, and sale of various kinds of information; and business related to solicitation of life insurance and non-life insurance.

Chiikishinbunsha Co (TSE:2164) Headlines

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