Palma Co (TSE:3461) Debt-to-Equity : 0.45 (As of Mar. 2024)

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What is Palma Co Debt-to-Equity?

Palma Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円354 Mil. Palma Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円659 Mil. Palma Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,260 Mil. Palma Co's debt to equity for the quarter that ended in Mar. 2024 was 0.45.

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

TSE:3461' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.66 Max: 1.43
Current: 0.45

During the past 10 years, the highest Debt-to-Equity Ratio of Palma Co was 1.43. The lowest was 0.09. And the median was 0.66.

TSE:3461's Debt-to-Equity is ranked worse than
55.03% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:3461: 0.45

Palma Co Debt-to-Equity Historical Data

The historical data trend for Palma 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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Palma Co Debt-to-Equity Chart

Palma Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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1.00

1.20

0.81

0.51

0.44

Palma Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.70	0.44	0.44	0.45

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

For the Specialty Business Services subindustry, Palma 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.

Palma Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Palma Co's Debt-to-Equity distribution charts can be found below:

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

Palma Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Palma Co's Debt to Equity Ratio for the fiscal year 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
	=	(327.004	+	676.041)	/	2290.983
	=	0.44

Palma Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(354.004	+	658.539)	/	2259.644
	=	0.45

Palma Co (TSE:3461) 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.

Palma Co Debt-to-Equity Related Terms

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Palma Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Palma Co Ltd (TSE:3461) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-4-11 Nagatacho, Chiyoda-ku, Friend Bill 6th Floor, Tokyo, JPN, 100-0014

Website

http://www.palma.jp

Palma Co Ltd is engaged in the self-storage business for the business process outsourcing. Its three solutions services include business solution services, IT solution services, and turn-key solutions. Its IT solution services include WEB reservation settlement and an inventory management system and turn-key solutions include facility development sales and property management.

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