Aida Sekkei Co (TSE:2990) Debt-to-Equity : 3.65 (As of Sep. 2023)

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What is Aida Sekkei Co Debt-to-Equity?

Aida Sekkei Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円25,849 Mil. Aida Sekkei Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円18,111 Mil. Aida Sekkei Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was 円12,056 Mil. Aida Sekkei Co's debt to equity for the quarter that ended in Sep. 2023 was 3.65.

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

TSE:2990' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.92 Med: 2.94 Max: 3.92
Current: 3.65

During the past 5 years, the highest Debt-to-Equity Ratio of Aida Sekkei Co was 3.92. The lowest was 1.92. And the median was 2.94.

TSE:2990's Debt-to-Equity is ranked worse than
97.87% of 94 companies
in the Homebuilding & Construction industry
Industry Median: 0.53 vs TSE:2990: 3.65

Aida Sekkei Co Debt-to-Equity Historical Data

The historical data trend for Aida Sekkei 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.

Aida Sekkei Co Debt-to-Equity Chart

Aida Sekkei Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

3.07

3.00

2.51

2.34

3.92

Aida Sekkei Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				1.92	2.34	N/A	3.92	3.65

Competitive Comparison of Aida Sekkei Co's Debt-to-Equity

For the Residential Construction subindustry, Aida Sekkei 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.

Aida Sekkei Co's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Aida Sekkei Co's Debt-to-Equity distribution charts can be found below:

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

Aida Sekkei Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aida Sekkei Co'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
	=	(21570	+	21737)	/	11061
	=	3.92

Aida Sekkei Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(25849	+	18111)	/	12056
	=	3.65

Aida Sekkei Co (TSE:2990) 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.

Aida Sekkei Co Debt-to-Equity Related Terms

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Aida Sekkei Co (TSE:2990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Aida Sekkei Co Ltd (TSE:2990) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854

Website

https://www.aidagroup.co.jp

Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co (TSE:2990) Headlines

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