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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 CRI Middleware Co's Debt-to-Equity or its related term are showing as below:
TSE:3698'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 0.69
Current: 0.24
During the past 13 years, the highest Debt-to-Equity Ratio of CRI Middleware Co was 0.69. The lowest was 0.01. And the median was 0.28.
TSE:3698's Debt-to-Equity is ranked worse than 61.5% of 413
companies
in the Interactive Media industry
Industry Median: 0.13
vs TSE:3698: 0.24
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.
CRI Middleware Co Debt-to-Equity Related Terms
CRI Middleware Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for CRI Middleware 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.
TSE:3698 vs NTES, TTWO, RBLX: Debt-to-Equity Comparison
For the Electronic Gaming & Multimedia subindustry, CRI Middleware 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.
CRI Middleware Co Debt-to-Equity vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CRI Middleware Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where CRI Middleware 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.
CRI Middleware Co (TSE:3698) 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 CRI Middleware Co and its competitors. Over the past decade, CRI Middleware Co's Debt-to-Equity has ranged from 0.01 to 0.69. According to the industry distribution chart, CRI Middleware Co ranks #254 out of 413 companies in the Interactive Media industry, placing it in the top 61.5%.
Is CRI Middleware Co's Debt-to-Equity too high?
CRI Middleware Co's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.69. Based on the distribution chart, CRI Middleware Co ranks #254 out of 413 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CRI Middleware Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CRI Middleware Co's Debt-to-Equity compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, CRI Middleware Co ranks #254 out of 413 companies for Debt-to-Equity. This places CRI Middleware Co in the lower half of its industry. The industry median Debt-to-Equity is 0.13. Historically, CRI Middleware Co's own Debt-to-Equity has ranged from 0.01 to 0.69 over the past decade. 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 413 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 CRI Middleware Co 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. CRI Middleware 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 CRI Middleware Co stock overvalued right now?
Based on GuruFocus' analysis, CRI Middleware Co (TSE:3698) is currently considered Fairly Valued. The stock's GF Value™ is 円1,181.48, compared to a current price of 円1,198.00 — trading 1.4% above its estimated fair value. The current Debt-to-Equity is 0.00. CRI Middleware Co's overall GF Score™ is 94/100. 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 CRI Middleware Co (TSE:3698), 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 CRI Middleware Co (TSE:3698) Overvalued in 2026?
Based on GuruFocus' analysis, CRI Middleware Co stock appears to be overvalued.
The current stock price of 円1,198.00 is trading 1.4% above its estimated GF Value™ of 円1,181.48.
GuruFocus considers CRI Middleware Co to be Fairly Valued.
Key valuation signals for TSE:3698:
Debt-to-Equity: 0.00
GF Value™: 円1,181.48 vs. price of 円1,198.00 (1.4% above fair value)
No single metric tells the full story. See the TSE:3698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.
94GF Score
Get the complete analysis for TSE:3698
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