Medical Net (TSE:3645) Debt-to-Equity: 0.71 (As of May. 2026) — 65% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TSE:3645 Medical Net Inc TSE:3645
57 GF Score
Price 円303.00
GF Value 円429.05
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Medical Net Debt-to-Equity?

Medical Net TSE:3645 +19.76% 57 Debt-to-Equity is 0.71 as of May. 2026, which is 65% above its 10-year median of 0.43. GuruFocus rates TSE:3645 with a GF Score™ of 57/100 and a GF Value™ of 円429.05 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 408 Interactive Media companies, Medical Net ranks worse than 84.07% on this metric.

Medical Net's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was 円1,155 Mil. Medical Net's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was 円268 Mil. Medical Net's Total Stockholders Equity for the quarter that ended in May. 2026 was 円1,994 Mil. Medical Net's debt to equity for the quarter that ended in May. 2026 was 0.71.

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 Medical Net's Debt-to-Equity or its related term are showing as below:

TSE:3645' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.43   Max: 0.73
Current: 0.71

During the past 13 years, the highest Debt-to-Equity Ratio of Medical Net was 0.73. The lowest was 0.06. And the median was 0.43.

TSE:3645's Debt-to-Equity is ranked worse than
84.07% of 408 companies
in the Interactive Media industry
Industry Median: 0.13 vs TSE:3645: 0.71

Medical Net  (TSE:3645) 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.


Medical Net Debt-to-Equity Related Terms


Medical Net Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Medical Net'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.

Medical Net Debt-to-Equity Chart

Medical Net Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.41 0.54 0.73 0.71

Medical Net Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 0.65 0.68 0.66 0.71

TSE:3645 vs GOOGL, META, SPOT: Debt-to-Equity Comparison

For the Internet Content & Information subindustry, Medical Net'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.


Medical Net Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Medical Net's Debt-to-Equity distribution charts can be found below:

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


TSE:3645
57GF Score
Medical Net Inc TSE:3645
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Medical Net Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medical Net's Debt to Equity Ratio for the fiscal year that ended in May. 2026 is calculated as

Medical Net's Debt to Equity Ratio for the quarter that ended in May. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.71 mean?
Medical Net (TSE:3645) has a Debt-to-Equity of 0.71 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Medical Net and its competitors. This is 65% above median its historical median of 0.43. Over the past decade, Medical Net's Debt-to-Equity has ranged from 0.06 to 0.73. According to the industry distribution chart, Medical Net ranks #343 out of 408 companies in the Interactive Media industry, placing it in the top 84.1%.
Is Medical Net's Debt-to-Equity too high?
Medical Net's current Debt-to-Equity of 0.71 is 65% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.73. The Interactive Media industry median Debt-to-Equity is 0.13. Medical Net's value of 0.71 is 446.2% above this industry median. Based on the distribution chart, Medical Net ranks #343 out of 408 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Medical Net has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medical Net's Debt-to-Equity compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Medical Net ranks #343 out of 408 companies for Debt-to-Equity. This places Medical Net in the lower half of its industry. The industry median Debt-to-Equity is 0.13. Medical Net's value of 0.71 is 446.2% above this benchmark. Historically, Medical Net's own Debt-to-Equity has ranged from 0.06 to 0.73 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.13, Medical Net has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 408 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medical Net's current Debt-to-Equity of 0.71 is 446.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Medical Net and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Net's current Debt-to-Equity is 0.71, which is 65% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Net stock overvalued right now?
Based on GuruFocus' analysis, Medical Net (TSE:3645) is currently considered Modestly Undervalued. The stock's GF Value™ is 円429.05, compared to a current price of 円303.00 — trading 29.4% below its estimated fair value. The current Debt-to-Equity is 0.71, which is 65% above median its 10-year median of 0.43 and 446.2% above the Interactive Media industry median of 0.13. Medical Net's overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Medical Net (TSE:3645), the current Debt-to-Equity is 0.71 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Medical Net (TSE:3645) Overvalued in 2026?

Based on GuruFocus' analysis, Medical Net stock appears to be undervalued. The current stock price of 円303.00 is trading 29.4% below its estimated GF Value™ of 円429.05. GuruFocus considers Medical Net to be Modestly Undervalued.

Key valuation signals for TSE:3645:

  • Debt-to-Equity: 0.71 (65% above median its 10-year median of 0.43)
  • GF Value™: 円429.05 vs. price of 円303.00 (29.4% below fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 446.2% above the Interactive Media median (#343 of 408)

No single metric tells the full story. See the TSE:3645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medical Net Business Description

Address 1-34-14 Hatagaya, 3rd Floor, Takara Building, Shibuya-ku, Tokyo, JPN, 151-0072
Medical Net Inc operates as a service-based holding company engaged in various healthcare-related businesses. It manages four main reporting segments: Media Platform, Medical Institution Management Support, Medical BtoB, and Cloud Integration. The Media Platform segment runs specialized portal websites focused on dentistry, beauty, and health. The Medical Institution Management Support segment offers SEO and listing advertisement services, website production and maintenance, and sales and operational support to dental clinics. The Medical BtoB segment manages member-based dental industry portals and provides research and marketing services. The Cloud Integration segment develops and maintains POS systems for retailers, manufacturers, and hospitals, primarily in Thailand.
57GF Score

Get the complete analysis for TSE:3645

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円303.00
Price
円429.05
GF Value