True Data (TSE:4416) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is True Data Debt-to-Equity?

True Data's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円30 Mil. True Data's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円5 Mil. True Data's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円1,048 Mil. True Data's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

TSE:4416' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.23
Current: 0.03

During the past 5 years, the highest Debt-to-Equity Ratio of True Data was 0.23. The lowest was 0.03. And the median was 0.10.

TSE:4416's Debt-to-Equity is ranked better than
86.76% of 2205 companies
in the Software industry
Industry Median: 0.2 vs TSE:4416: 0.03

True Data Debt-to-Equity Historical Data

The historical data trend for True Data'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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True Data Debt-to-Equity Chart

True Data Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.16

0.23

0.10

0.07

0.03

True Data Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial								0.07	0.06	0.05	0.05	0.03

Competitive Comparison of True Data's Debt-to-Equity

For the Software - Application subindustry, True Data'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.

True Data's Debt-to-Equity Distribution in the Software Industry

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

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

True Data Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

True Data'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
	=	(29.8	+	5.48)	/	1047.988
	=	0.03

True Data'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
	=	(29.8	+	5.48)	/	1047.988
	=	0.03

True Data (TSE:4416) 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.

True Data Debt-to-Equity Related Terms

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True Data (TSE:4416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » True Data Inc (TSE:4416) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-11 Shibadaimon, Minato-ku, Tokyo, JPN, 105?0012

Website

https://www.truedata.co.jp

True Data Inc operates a big data platform that handles consumer purchasing data nationwide. It develops and provides consumer data analysis and purchasing behavior analysis solutions such as POS / ID-POS to retailers and consumer goods manufacturers.

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