TSI Holdings Co (TSE:3608) Debt-to-Equity : 0.12 (As of Nov. 2023)

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What is TSI Holdings Co Debt-to-Equity?

TSI Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円8,898 Mil. TSI Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円2,562 Mil. TSI Holdings Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円98,059 Mil. TSI Holdings Co's debt to equity for the quarter that ended in Nov. 2023 was 0.12.

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

TSE:3608' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.15 Max: 0.43
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of TSI Holdings Co was 0.43. The lowest was 0.09. And the median was 0.15.

TSE:3608's Debt-to-Equity is ranked better than
82.3% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TSE:3608: 0.10

TSI Holdings Co Debt-to-Equity Historical Data

The historical data trend for TSI Holdings 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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TSI Holdings Co Debt-to-Equity Chart

TSI Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.35

0.26

0.17

0.10

TSI Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.09	0.07	0.12	0.10

Competitive Comparison of TSI Holdings Co's Debt-to-Equity

For the Apparel Manufacturing subindustry, TSI Holdings 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.

TSI Holdings Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Debt-to-Equity distribution charts can be found below:

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

TSI Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TSI Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(8325	+	1631)	/	97084
	=	0.10

TSI Holdings Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(8898	+	2562)	/	98059
	=	0.12

TSI Holdings Co (TSE:3608) 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.

TSI Holdings Co Debt-to-Equity Related Terms

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TSI Holdings Co (TSE:3608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TSI Holdings Co Ltd (TSE:3608) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TSIHF:USA

Address

Number 7 1-chome, Chiyoda-ku, Tokyo, JPN

Website

http://www.tsi-holdings.com

TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. More than 90% of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.

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