Lacto Japan Co (TSE:3139) Debt-to-Equity : 1.39 (As of Feb. 2024)

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What is Lacto Japan Co Debt-to-Equity?

Lacto Japan Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円27,788 Mil. Lacto Japan Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円7,997 Mil. Lacto Japan Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円25,826 Mil. Lacto Japan Co's debt to equity for the quarter that ended in Feb. 2024 was 1.39.

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

TSE:3139' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.5 Max: 2.61
Current: 1.39

During the past 10 years, the highest Debt-to-Equity Ratio of Lacto Japan Co was 2.61. The lowest was 0.80. And the median was 1.50.

TSE:3139's Debt-to-Equity is ranked worse than
85.8% of 1655 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TSE:3139: 1.39

Lacto Japan Co Debt-to-Equity Historical Data

The historical data trend for Lacto Japan 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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Lacto Japan Co Debt-to-Equity Chart

Lacto Japan Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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1.10

0.80

0.99

1.37

1.25

Lacto Japan 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															1.55	1.67	1.69	1.25	1.39

Competitive Comparison of Lacto Japan Co's Debt-to-Equity

For the Packaged Foods subindustry, Lacto Japan 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.

Lacto Japan Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lacto Japan Co's Debt-to-Equity distribution charts can be found below:

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

Lacto Japan Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lacto Japan Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(21782.475	+	9125.5)	/	24724.006
	=	1.25

Lacto Japan 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
	=	(27788	+	7997)	/	25826
	=	1.39

Lacto Japan Co (TSE:3139) 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.

Lacto Japan Co Debt-to-Equity Related Terms

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Lacto Japan Co (TSE:3139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lacto Japan Co Ltd (TSE:3139) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-11-2 Nihonbashi, Chuo-ku, 22nd Floor Taiyo Life Nihonbashi Building, Chuo-ku, Tokyo, JPN, 103-0023

Website

http://www.lactojapan.com

Lacto Japan Co Ltd is engaged in the trade of agricultural and livestock products, processed products, food processing machinery, quasi-pharmaceuticals, liquor and other beverages. It also provides agent, broker and consultant services and insurance agency.

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