FaithNetwork Co (TSE:3489) Debt-to-Equity : 3.53 (As of Dec. 2023)

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What is FaithNetwork Co Debt-to-Equity?

FaithNetwork Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,702 Mil. FaithNetwork Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,000 Mil. FaithNetwork Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円5,871 Mil. FaithNetwork Co's debt to equity for the quarter that ended in Dec. 2023 was 3.53.

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

TSE:3489' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.28 Med: 2.28 Max: 6.17
Current: 3.53

During the past 8 years, the highest Debt-to-Equity Ratio of FaithNetwork Co was 6.17. The lowest was 1.28. And the median was 2.28.

TSE:3489's Debt-to-Equity is ranked worse than
92.91% of 1579 companies
in the Real Estate industry
Industry Median: 0.76 vs TSE:3489: 3.53

FaithNetwork Co Debt-to-Equity Historical Data

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

FaithNetwork Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.24

1.66

1.28

1.67

1.44

FaithNetwork 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															2.14	1.44	2.15	2.84	3.53

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

For the Real Estate Services subindustry, FaithNetwork 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.

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

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

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

FaithNetwork Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FaithNetwork 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
	=	(1499.97	+	8398.436)	/	6879.595
	=	1.44

FaithNetwork 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
	=	(9701.638	+	11000.193)	/	5870.982
	=	3.53

FaithNetwork Co (TSE:3489) 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.

FaithNetwork Co Debt-to-Equity Related Terms

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FaithNetwork Co (TSE:3489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » FaithNetwork Co Ltd (TSE:3489) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-1 Sendagaya, Shibuya-ku, Tokyo, JPN, 151-0051

Website

http://www.faithnetwork.jp

FaithNetwork Co Ltd is engaged in planning, architect design, development, construction, sales and management of real estate for investment. Some of the company's Architects are Shibuya Ward, Suginami, Setagaya, Ota-ku, Meguro, and others.

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