Jig Jp Co (TSE:5244) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is Jig Jp Co Debt-to-Equity?

Jig Jp Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円67 Mil. Jig Jp Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円304 Mil. Jig Jp Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,909 Mil. Jig Jp Co's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

TSE:5244' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 0.28
Current: 0.13

During the past 3 years, the highest Debt-to-Equity Ratio of Jig Jp Co was 0.28. The lowest was 0.04. And the median was 0.17.

TSE:5244's Debt-to-Equity is ranked better than
59.68% of 2205 companies
in the Software industry
Industry Median: 0.2 vs TSE:5244: 0.13

Jig Jp Co Debt-to-Equity Historical Data

The historical data trend for Jig Jp 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.

* Premium members only.

Jig Jp Co Debt-to-Equity Chart

Jig Jp Co Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

0.04

0.18

0.20

Jig Jp Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.24	0.20	0.17	0.14	0.13

Competitive Comparison of Jig Jp Co's Debt-to-Equity

For the Software - Application subindustry, Jig Jp 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.

Jig Jp Co's Debt-to-Equity Distribution in the Software Industry

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

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

Jig Jp Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jig Jp Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(67.104	+	354.344)	/	2136.027
	=	0.20

Jig Jp Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(67.104	+	304.016)	/	2908.525
	=	0.13

Jig Jp Co (TSE:5244) 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.

Jig Jp Co Debt-to-Equity Related Terms

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Jig Jp Co (TSE:5244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jig Jp Co Ltd (TSE:5244) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-23-5 Sendagaya, 4th Floor, Yoyogi East, Shibuya-ku, Tokyo, JPN, 151-0051

Website

https://www.jig.jp

Jig Jp Co Ltd is engaged in the planning, development and provision of software centered on mobile. It offers live streaming platform service. The services are provided to general customers, local governments, and corporations.

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