Storage-OH Co (TSE:2997) Debt-to-Equity : 3.34 (As of Jul. 2024)

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What is Storage-OH Co Debt-to-Equity?

Storage-OH Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was 円2,196 Mil. Storage-OH Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was 円910 Mil. Storage-OH Co's Total Stockholders Equity for the quarter that ended in Jul. 2024 was 円930 Mil. Storage-OH Co's debt to equity for the quarter that ended in Jul. 2024 was 3.34.

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

TSE:2997' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 2.17 Max: 3.42
Current: 3.34

During the past 4 years, the highest Debt-to-Equity Ratio of Storage-OH Co was 3.42. The lowest was 0.48. And the median was 2.17.

TSE:2997's Debt-to-Equity is ranked worse than
92.07% of 1589 companies
in the Real Estate industry
Industry Median: 0.76 vs TSE:2997: 3.34

Storage-OH Co Debt-to-Equity Historical Data

The historical data trend for Storage-OH 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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Storage-OH Co Debt-to-Equity Chart

Storage-OH Co Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

0.48

1.03

0.96

0.78

Storage-OH Co Quarterly Data
	Jan20	Jan21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial									2.67	3.42	1.49	2.92	3.34

Competitive Comparison of Storage-OH Co's Debt-to-Equity

For the Real Estate Services subindustry, Storage-OH 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.

Storage-OH Co's Debt-to-Equity Distribution in the Real Estate Industry

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

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

Storage-OH Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Storage-OH Co's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(102.952	+	613.011)	/	918.455
	=	0.78

Storage-OH Co's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(2195.555	+	910.059)	/	929.7
	=	3.34

Storage-OH Co (TSE:2997) 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.

Storage-OH Co Debt-to-Equity Related Terms

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Storage-OH Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Storage-OH Co Ltd (TSE:2997) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9-23 Ichikawaminami, Ichikawa-shi, 4th floor, Keiyo Housing Ichikawa Building, Chiba, JPN, 272-0033

Website

https://www.storageoh.jp

Storage-OH Co Ltd is a property management company. The company is engaged in planning, development, operation, management of trunk room property management business.

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