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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 Encourage Technologies Co's Debt-to-Equity or its related term are showing as below:
TSE:3682's Debt-to-Equity is not ranked *
in the Software industry.
Industry Median: 0.21 * Ranked among companies with meaningful Debt-to-Equity only.
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.
Encourage Technologies Co Debt-to-Equity Related Terms
Encourage Technologies Co Debt-to-Equity Historical Data
* 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.
TSE:3682 vs IBM, ACN, CTSH: Debt-to-Equity Comparison
For the Information Technology Services subindustry, Encourage Technologies 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.
Encourage Technologies Co Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Encourage Technologies Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Encourage Technologies Co's Debt-to-Equity falls into.
* 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.
Encourage Technologies Co (TSE:3682) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Encourage Technologies Co and its competitors. According to the industry distribution chart, Encourage Technologies Co ranks #999999 out of 2241 companies in the Software industry.
Is Encourage Technologies Co's Debt-to-Equity too high?
Encourage Technologies Co's current Debt-to-Equity is 0.00. Based on the distribution chart, Encourage Technologies Co ranks #999999 out of 2241 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Encourage Technologies Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Encourage Technologies Co's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Encourage Technologies Co ranks #999999 out of 2241 companies for Debt-to-Equity. This places Encourage Technologies Co in the lower half of its industry. The industry median Debt-to-Equity is 0.21. 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 a Software company?
The median Debt-to-Equity among Software companies is 0.21, based on 2,241 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. 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 Encourage Technologies Co and its competitors. For the Software industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Encourage Technologies Co's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Encourage Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Encourage Technologies Co (TSE:3682) is currently considered Modestly Undervalued. The stock's GF Value™ is 円649.31, compared to a current price of 円572.00 — trading 11.9% below its estimated fair value. The current Debt-to-Equity is 0.00. Encourage Technologies Co's overall GF Score™ is 73/100 with 4 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 Encourage Technologies Co (TSE:3682), the current Debt-to-Equity is 0.00 as of Mar. 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 Encourage Technologies Co (TSE:3682) Overvalued in 2026?
Based on GuruFocus' analysis, Encourage Technologies Co stock appears to be undervalued.
The current stock price of 円572.00 is trading 11.9% below its estimated GF Value™ of 円649.31.
GuruFocus considers Encourage Technologies Co to be Modestly Undervalued.
Key valuation signals for TSE:3682:
Debt-to-Equity: 0.00
GF Value™: 円649.31 vs. price of 円572.00 (11.9% below fair value)
No single metric tells the full story. See the TSE:3682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Encourage Technologies Co Ltd develops software that monitors and audits user activity in IT systems. The company also provides maintenance support after the installation of the software as well consulting services.
73GF Score
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