FORLIFE Co (TSE:3477) Debt-to-Equity : 1.02 (As of Dec. 2023)

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What is FORLIFE Co Debt-to-Equity?

FORLIFE Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,212 Mil. FORLIFE Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円238 Mil. FORLIFE Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,381 Mil. FORLIFE Co's debt to equity for the quarter that ended in Dec. 2023 was 1.02.

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

TSE:3477' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.86 Max: 1.31
Current: 1.02

During the past 9 years, the highest Debt-to-Equity Ratio of FORLIFE Co was 1.31. The lowest was 0.28. And the median was 0.86.

TSE:3477's Debt-to-Equity is ranked worse than
74.47% of 94 companies
in the Homebuilding & Construction industry
Industry Median: 0.53 vs TSE:3477: 1.02

FORLIFE Co Debt-to-Equity Historical Data

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

FORLIFE Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.80

0.73

0.99

1.03

1.24

FORLIFE Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.30	1.24	1.31	1.14	1.02

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

For the Residential Construction subindustry, FORLIFE 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.

FORLIFE Co's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, FORLIFE Co's Debt-to-Equity distribution charts can be found below:

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

FORLIFE Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FORLIFE Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3777.281	+	404.47)	/	3361.775
	=	1.24

FORLIFE Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(3212.264	+	237.648)	/	3380.968
	=	1.02

FORLIFE Co (TSE:3477) 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.

FORLIFE Co Debt-to-Equity Related Terms

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FORLIFE Co (TSE:3477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » FORLIFE Co Ltd (TSE:3477) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4-11 Okurayama, Kohoku-ku, Kanagawa Prefecture, FORLIFE Okurayama Publishing Building, Yubinbango, Yokohama, JPN, 222-0037

Website

https://www.forlifeand.com

FORLIFE Co Ltd is a Japanese firm. It builds and sells ordered housing and manufactured housing. It also provides leasing business. It has a consultation and finance business.

FORLIFE Co (TSE:3477) Headlines

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