Landix (TSE:2981) Debt-to-Equity : 1.26 (As of Dec. 2023)

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What is Landix Debt-to-Equity?

Landix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,812 Mil. Landix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,699 Mil. Landix's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円6,760 Mil. Landix's debt to equity for the quarter that ended in Dec. 2023 was 1.26.

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

TSE:2981' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.96 Max: 1.26
Current: 1.26

During the past 6 years, the highest Debt-to-Equity Ratio of Landix was 1.26. The lowest was 0.59. And the median was 0.96.

TSE:2981's Debt-to-Equity is ranked worse than
67.76% of 1585 companies
in the Real Estate industry
Industry Median: 0.76 vs TSE:2981: 1.26

Landix Debt-to-Equity Historical Data

The historical data trend for Landix'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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Landix Debt-to-Equity Chart

Landix Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.98

0.69

0.80

1.07

0.95

Landix Quarterly Data
	Mar18	Mar19	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															1.10	0.95	1.00	0.97	1.26

Competitive Comparison of Landix's Debt-to-Equity

For the Real Estate - Development subindustry, Landix'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.

Landix's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Landix's Debt-to-Equity distribution charts can be found below:

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

Landix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Landix'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
	=	(4427.252	+	1817.932)	/	6542.898
	=	0.95

Landix'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
	=	(5811.554	+	2698.898)	/	6760.415
	=	1.26

Landix (TSE:2981) 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.

Landix Debt-to-Equity Related Terms

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Landix (TSE:2981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Landix Inc (TSE:2981) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-22-2 Shinmachi, Setagaya-ku, Tokyo, JPN, 154-0014

Website

https://www.landix.jp

Landix Inc engages in real estate development, real estate matching and consulting business. The company also provides custom-made housing matching and consulting business, mainly in the Jonan areas of Setagaya, Meguro, Ota, Shibuya, Minato and Shinagawa.

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