Careerlink Co (TSE:6070) Debt-to-Equity : 0.06 (As of Sep. 2024)

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What is Careerlink Co Debt-to-Equity?

Careerlink Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円349 Mil. Careerlink Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円520 Mil. Careerlink Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円13,784 Mil. Careerlink Co's debt to equity for the quarter that ended in Sep. 2024 was 0.06.

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

TSE:6070' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.46
Current: 0.06

During the past 11 years, the highest Debt-to-Equity Ratio of Careerlink Co was 0.46. The lowest was 0.06. And the median was 0.20.

TSE:6070's Debt-to-Equity is ranked better than
84.78% of 913 companies
in the Business Services industry
Industry Median: 0.36 vs TSE:6070: 0.06

Careerlink Co Debt-to-Equity Historical Data

The historical data trend for Careerlink 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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Careerlink Co Debt-to-Equity Chart

Careerlink Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Mar23

Debt-to-Equity

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0.29

0.24

0.16

0.08

Careerlink Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.07	0.07	0.07	0.06

Competitive Comparison of Careerlink Co's Debt-to-Equity

For the Staffing & Employment Services subindustry, Careerlink 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.

Careerlink Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Careerlink Co's Debt-to-Equity distribution charts can be found below:

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

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Careerlink Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Careerlink 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
	=	(352.704	+	713.036)	/	13462.84
	=	0.08

Careerlink Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(348.972	+	520.028)	/	13784.052
	=	0.06

Careerlink Co (TSE:6070) 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.

Careerlink Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Careerlink Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Careerlink Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Careerlink Co Ltd (TSE:6070) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

33rd Floor, Shinjuku Mitsui Building, 2-1-1, Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0433

Website

http://www.careerlink.co.jp

Careerlink Co Ltd provides human resources services in Japan. The company offers temporary staffing and outsourcing services for manufacturing and distribution companies. It supplies temporary workers for office work; helps companies with recruiting office workers; and performs outsourced tasks and provides other services. Its business comprises of BPO related business, CRM related business, General administrative business and Cleaning business of food processing, manufacturing processing buildings and hotels.

Careerlink Co Headlines

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