Oomitsu Co (TSE:3160) Debt-to-Equity : 1.29 (As of Feb. 2024)

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What is Oomitsu Co Debt-to-Equity?

Oomitsu Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円2,930 Mil. Oomitsu Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円4,416 Mil. Oomitsu Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円5,684 Mil. Oomitsu Co's debt to equity for the quarter that ended in Feb. 2024 was 1.29.

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

TSE:3160' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.81 Med: 1.18 Max: 5.29
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Oomitsu Co was 5.29. The lowest was 0.81. And the median was 1.18.

TSE:3160's Debt-to-Equity is ranked worse than
72.56% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs TSE:3160: 1.29

Oomitsu Co Debt-to-Equity Historical Data

The historical data trend for Oomitsu 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.

Oomitsu Co Debt-to-Equity Chart

Oomitsu Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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1.14

1.04

1.09

1.18

0.98

Oomitsu 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															1.07	0.98	0.81	0.91	1.29

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

For the Food Distribution subindustry, Oomitsu 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.

Oomitsu Co's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Oomitsu Co's Debt-to-Equity distribution charts can be found below:

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

Oomitsu Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oomitsu Co's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(3080.976	+	2233.607)	/	5406.377
	=	0.98

Oomitsu 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
	=	(2930.427	+	4415.798)	/	5683.607
	=	1.29

Oomitsu Co (TSE:3160) 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.

Oomitsu Co Debt-to-Equity Related Terms

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Oomitsu Co (TSE:3160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Oomitsu Co Ltd (TSE:3160) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-66, Asakusa Ogaki, Gifu, JPN, 503-0947

Website

http://www.oomitsu.com

Oomitsu Co Ltd is a Japan-based company engaged in the distribution of wholesale foods to major chain restaurants, hotels, and other food catering facilities. The company also operates retail food sales to small- size restaurants and general consumers.

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