Rengo Co (TSE:3941) Debt-to-Equity : 0.97 (As of Sep. 2024)

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What is Rengo Co Debt-to-Equity?

Rengo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円152,432 Mil. Rengo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円294,689 Mil. Rengo Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円462,212 Mil. Rengo Co's debt to equity for the quarter that ended in Sep. 2024 was 0.97.

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

TSE:3941' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.09 Max: 1.36
Current: 1.02

During the past 13 years, the highest Debt-to-Equity Ratio of Rengo Co was 1.36. The lowest was 0.96. And the median was 1.09.

TSE:3941's Debt-to-Equity is ranked worse than
81.84% of 358 companies
in the Packaging & Containers industry
Industry Median: 0.44 vs TSE:3941: 1.02

Rengo Co Debt-to-Equity Historical Data

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

Rengo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.13

1.02

1.03

1.08

1.03

Rengo Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.03	1.03	0.98	0.97	1.02

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

For the Packaging & Containers subindustry, Rengo 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.

Rengo Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Rengo Co's Debt-to-Equity distribution charts can be found below:

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

Rengo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rengo Co's Debt to Equity Ratio for the fiscal year 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
	=	(142342	+	295325)	/	425291
	=	1.03

Rengo Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(152432	+	294689)	/	462212
	=	0.97

Rengo Co (TSE:3941) 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.

Rengo Co Debt-to-Equity Related Terms

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

Rengo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Rengo Co Ltd (TSE:3941) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-7 Nakanoshima Kita-ku, Osaka, JPN, 530-0005

Website

http://www.rengo.co.jp

Rengo Co Ltd manufactures and sells a variety of packaging products. The firm organizes itself into four segments based on product type. The paperboard and packaging segment, which generates the majority of revenue, sells corrugated packaging and boxes used primarily to package food and agricultural products. The flexible packaging segment sells films, labels, and cellophane used primarily for food and beverage packaging. The heavy duty packaging segment sells plastic and paper container bags used by the agricultural, transportation, and chemicals industries. The overseas business sells packaging products outside of Japan. The majority of revenue comes from Japan.

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