AZoom Co (TSE:3496) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is AZoom Co Debt-to-Equity?

AZoom Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円33 Mil. AZoom Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円69 Mil. AZoom Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円3,041 Mil. AZoom Co's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

TSE:3496' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.49 Med: 0.12 Max: 1.44
Current: 0.03

During the past 8 years, the highest Debt-to-Equity Ratio of AZoom Co was 1.44. The lowest was -0.49. And the median was 0.12.

TSE:3496's Debt-to-Equity is ranked better than
95.31% of 1558 companies
in the Real Estate industry
Industry Median: 0.735 vs TSE:3496: 0.03

AZoom Co Debt-to-Equity Historical Data

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

AZoom Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.16

0.19

0.13

0.07

0.04

AZoom 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															0.06	0.05	0.04	0.03	0.03

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

For the Real Estate Services subindustry, AZoom 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.

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

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

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

AZoom Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AZoom 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
	=	(43.759	+	58.029)	/	2572.4
	=	0.04

AZoom 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
	=	(32.715	+	68.971)	/	3041.244
	=	0.03

AZoom Co (TSE:3496) 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.

AZoom Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of AZoom Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

AZoom Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » AZoom Co Ltd (TSE:3496) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-1, Yoyogi, 16th Floor, Shinjuku Mines Tower, Shibuya-Ku, Tokyo, JPN, 151-0053

Website

https://azoom.jp

AZoom Co Ltd offers commercial services. It engages in buying and selling, mediation, management, and leasing of real estate. The company mainly provides outsourced parking lot operations for property owners. It is also involved in business development through Internet; Internet media development and operation; and management of parking lots.

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