Bplats (TSE:4381) Debt-to-Equity: -1.58 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4381 Bplats Inc TSE:4381
44 GF Score
Price 円285.00
GF Value 円553.78
Valuation Possible Value Trap
! 7 Warning Signs
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What is Bplats Debt-to-Equity?

Bplats TSE:4381 +10.47% 44 Debt-to-Equity is -1.58 as of Mar. 2026. GuruFocus rates TSE:4381 with a GF Score™ of 44/100 and a GF Value™ of 円553.78 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,245 Software companies, Bplats ranks worse than 44543.39% on this metric.

Bplats's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円342.2 Mil. Bplats's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円364.7 Mil. Bplats's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円-448.2 Mil. Bplats's debt to equity for the quarter that ended in Mar. 2026 was -1.58.

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

TSE:4381' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.58   Med: 0.95   Max: 2.45
Current: -1.58

During the past 11 years, the highest Debt-to-Equity Ratio of Bplats was 2.45. The lowest was -1.58. And the median was 0.95.

TSE:4381's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs TSE:4381: -1.58

Bplats  (TSE:4381) 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.


Bplats Debt-to-Equity Related Terms


Bplats Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Bplats'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.

Bplats Debt-to-Equity Chart

Bplats Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.86 1.12 2.45 -1.58

Bplats Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.12 1.77 2.45 3.76 -1.58

TSE:4381 vs CRM, SHOP, UBER: Debt-to-Equity Comparison

For the Software - Application subindustry, Bplats'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.


Bplats Debt-to-Equity vs Software Industry

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

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


TSE:4381
44GF Score
Bplats Inc TSE:4381
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bplats Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bplats's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Bplats's Debt to Equity Ratio for the quarter that ended in Mar. 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 -1.58 mean?
Bplats (TSE:4381) has a Debt-to-Equity of -1.58 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bplats and its competitors. According to the industry distribution chart, Bplats ranks #999999 out of 2245 companies in the Software industry.
Is Bplats' Debt-to-Equity too high?
Bplats' current Debt-to-Equity is -1.58. Based on the distribution chart, Bplats ranks #999999 out of 2245 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bplats has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bplats' Debt-to-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, Bplats ranks #999999 out of 2245 companies for Debt-to-Equity. This places Bplats in the lower half of its industry. The industry median Debt-to-Equity is 0.20. 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 0.20, based on 2,245 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 Bplats and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bplats's current Debt-to-Equity is -1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bplats stock overvalued right now?
Based on GuruFocus' analysis, Bplats (TSE:4381) is currently considered Possible Value Trap. The stock's GF Value™ is 円553.78, compared to a current price of 円285.00 — trading 48.5% below its estimated fair value. The current Debt-to-Equity is -1.58. Bplats' overall GF Score™ is 44/100 with 7 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 Bplats (TSE:4381), the current Debt-to-Equity is -1.58 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 Bplats (TSE:4381) Overvalued in 2026?

Based on GuruFocus' analysis, Bplats stock appears to be undervalued. The current stock price of 円285.00 is trading 48.5% below its estimated GF Value™ of 円553.78. GuruFocus considers Bplats to be Possible Value Trap.

Key valuation signals for TSE:4381:

  • Debt-to-Equity: -1.58
  • GF Value™: 円553.78 vs. price of 円285.00 (48.5% below fair value)
  • GF Score™: 44/100 with 7 warning signs

No single metric tells the full story. See the TSE:4381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bplats Business Description

Address 3 Kanda Neribeicho, 15th Floor, Fujisoft Akihabara Building, Chiyoda-ku, Tokyo, JPN, 101?0022
Bplats Inc is a software application developer. The company is engaged in providing a sales and management platform for subscription services. The product of the firm includes Bplats, which is a sales management solution that enables contract management and billing management, such as monthly billing and annual billing, including subscription fees.
44GF Score

Get the complete analysis for TSE:4381

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

円285.00
Price
円553.78
GF Value