Change Holdings (TSE:3962) Debt-to-Equity : 0.61 (As of Mar. 2024)

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What is Change Holdings Debt-to-Equity?

Change Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円4,285 Mil. Change Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円19,733 Mil. Change Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円39,549 Mil. Change Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.61.

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

TSE:3962' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.61
Current: 0.61

During the past 9 years, the highest Debt-to-Equity Ratio of Change Holdings was 0.61. The lowest was 0.06. And the median was 0.09.

TSE:3962's Debt-to-Equity is ranked worse than
75.96% of 2213 companies
in the Software industry
Industry Median: 0.21 vs TSE:3962: 0.61

Change Holdings Debt-to-Equity Historical Data

The historical data trend for Change Holdings'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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Change Holdings Debt-to-Equity Chart

Change Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Mar23

Mar24

Debt-to-Equity

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0.55

0.34

0.06

0.09

0.61

Change Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.09	0.09	0.53	0.61

Competitive Comparison of Change Holdings's Debt-to-Equity

For the Information Technology Services subindustry, Change Holdings'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.

Change Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Change Holdings's Debt-to-Equity distribution charts can be found below:

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

Change Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Change Holdings'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
	=	(4285	+	19733)	/	39549
	=	0.61

Change Holdings's Debt to Equity Ratio for the quarter 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
	=	(4285	+	19733)	/	39549
	=	0.61

Change Holdings (TSE:3962) 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.

Change Holdings Debt-to-Equity Related Terms

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Change Holdings (TSE:3962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Holdings Inc (TSE:3962) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.change-jp.com

Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.

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