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Japan Animal Referral Medical Center Co (TSE:6039) Debt-to-Equity : 1.03 (As of Dec. 2023)


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What is Japan Animal Referral Medical Center Co Debt-to-Equity?

Japan Animal Referral Medical Center Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円632 Mil. Japan Animal Referral Medical Center Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,383 Mil. Japan Animal Referral Medical Center Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,886 Mil. Japan Animal Referral Medical Center Co's debt to equity for the quarter that ended in Dec. 2023 was 1.03.

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 Japan Animal Referral Medical Center Co's Debt-to-Equity or its related term are showing as below:

TSE:6039' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.03   Med: 1.94   Max: 7.06
Current: 1.03

During the past 10 years, the highest Debt-to-Equity Ratio of Japan Animal Referral Medical Center Co was 7.06. The lowest was 1.03. And the median was 1.94.

TSE:6039's Debt-to-Equity is ranked worse than
64.37% of 87 companies
in the Personal Services industry
Industry Median: 0.73 vs TSE:6039: 1.03

Japan Animal Referral Medical Center Co Debt-to-Equity Historical Data

The historical data trend for Japan Animal Referral Medical Center 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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Japan Animal Referral Medical Center Co Debt-to-Equity Chart

Japan Animal Referral Medical Center Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 1.60 1.32 1.56 1.07

Japan Animal Referral Medical Center Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only 1.06 1.07 1.10 1.09 1.03

Competitive Comparison of Japan Animal Referral Medical Center Co's Debt-to-Equity

For the Personal Services subindustry, Japan Animal Referral Medical Center 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.


Japan Animal Referral Medical Center Co's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Japan Animal Referral Medical Center Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Japan Animal Referral Medical Center Co's Debt-to-Equity falls into.



Japan Animal Referral Medical Center Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Animal Referral Medical Center Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Japan Animal Referral Medical Center Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Japan Animal Referral Medical Center Co  (TSE:6039) 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.


Japan Animal Referral Medical Center Co Debt-to-Equity Related Terms

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Japan Animal Referral Medical Center Co (TSE:6039) Business Description

Traded in Other Exchanges
N/A
Address
2-5-8, Kuji, Takatsu-ku, Kanagawa, Yubinbango, Kawasaki, JPN, 213-0032
Japan Animal Referral Medical Center Co Ltd provides advanced clinical treatments for animals, contract clinical research in animal health and veterinarian education.

Japan Animal Referral Medical Center Co (TSE:6039) Headlines

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