Tokai Soft Co (TSE:4430) Debt-to-Equity : 0.20 (As of May. 2024)

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What is Tokai Soft Co Debt-to-Equity?

Tokai Soft Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円322 Mil. Tokai Soft Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円745 Mil. Tokai Soft Co's Total Stockholders Equity for the quarter that ended in May. 2024 was 円5,306 Mil. Tokai Soft Co's debt to equity for the quarter that ended in May. 2024 was 0.20.

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

TSE:4430' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.23 Max: 0.54
Current: 0.2

During the past 8 years, the highest Debt-to-Equity Ratio of Tokai Soft Co was 0.54. The lowest was 0.05. And the median was 0.23.

TSE:4430's Debt-to-Equity is ranked better than
51.37% of 2219 companies
in the Software industry
Industry Median: 0.21 vs TSE:4430: 0.20

Tokai Soft Co Debt-to-Equity Historical Data

The historical data trend for Tokai Soft 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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Tokai Soft Co Debt-to-Equity Chart

Tokai Soft Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

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0.05

0.54

0.42

0.30

0.20

Tokai Soft Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.28	0.25	0.22	0.20

Competitive Comparison of Tokai Soft Co's Debt-to-Equity

For the Software - Infrastructure subindustry, Tokai Soft 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.

Tokai Soft Co's Debt-to-Equity Distribution in the Software Industry

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

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

Tokai Soft Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokai Soft Co's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(322.406	+	744.8)	/	5305.527
	=	0.20

Tokai Soft Co's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(322.406	+	744.8)	/	5305.527
	=	0.20

Tokai Soft Co (TSE:4430) 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.

Tokai Soft Co Debt-to-Equity Related Terms

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Tokai Soft Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tokai Soft Co Ltd (TSE:4430) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-15-1 Shinmichi Nishi-ku, Nagoya, JPN, 451-0043

Website

http://www.tokai-soft.co.jp

Tokai Soft Co Ltd provides software solutions. The company is engaged in a wide range of businesses as an engineering company that combines technologies for total system construction, network and solution solutions, and support technologies that provide stable operation.

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