Dualtap Co (TSE:3469) Debt-to-Equity : 2.74 (As of Mar. 2024)

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What is Dualtap Co Debt-to-Equity?

Dualtap Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,755 Mil. Dualtap Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,144 Mil. Dualtap Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円1,788 Mil. Dualtap Co's debt to equity for the quarter that ended in Mar. 2024 was 2.74.

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

TSE:3469' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 2 Max: 3.71
Current: 2.74

During the past 9 years, the highest Debt-to-Equity Ratio of Dualtap Co was 3.71. The lowest was 0.77. And the median was 2.00.

TSE:3469's Debt-to-Equity is ranked worse than
89.56% of 1580 companies
in the Real Estate industry
Industry Median: 0.75 vs TSE:3469: 2.74

Dualtap Co Debt-to-Equity Historical Data

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

Dualtap Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.42

0.77

2.43

1.26

1.18

Dualtap 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															0.90	1.18	1.79	2.66	2.74

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

For the Real Estate - Diversified subindustry, Dualtap 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.

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

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

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

Dualtap Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dualtap Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(61.921	+	2541.698)	/	2200.9
	=	1.18

Dualtap 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
	=	(2754.502	+	2144.313)	/	1787.669
	=	2.74

Dualtap Co (TSE:3469) 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.

Dualtap Co Debt-to-Equity Related Terms

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Dualtap Co (TSE:3469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dualtap Co Ltd (TSE:3469) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nishi Shinagawa 1 - chome Shinagawa - ku, Sumitomo Real Estate Osaki Garden Tower 12th Floor, Tokyo, JPN, 141-0033

Website

http://www.dualtap.co.jp

Dualtap Co Ltd is a real estate company. It is engaged in real estate planning and development, real estate sales business, property management, hotel business, and insurance services. It has own brand XEBEC (Jebeck) series of condominiums which operates globally.

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