Lec (TSE:7874) Debt-to-Equity: 1.23 (As of Mar. 2026) — 32% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7874 Lec Inc TSE:7874
69 GF Score
Price 円951.00
GF Value 円1,313.95
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Lec Debt-to-Equity?

Lec TSE:7874 -0.31% 69 Debt-to-Equity is 1.23 as of Mar. 2026, which is 32% above its 10-year median of 0.93. GuruFocus rates TSE:7874 with a GF Score™ of 69/100 and a GF Value™ of 円1,313.95 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,761 Consumer Packaged Goods companies, Lec ranks worse than 81.94% on this metric.

Lec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円7,283 Mil. Lec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円39,200 Mil. Lec's Total Stockholders Equity for the quarter that ended in Mar. 2026 was 円37,684 Mil. Lec's debt to equity for the quarter that ended in Mar. 2026 was 1.23.

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

TSE:7874' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32   Med: 0.93   Max: 1.34
Current: 1.13

During the past 13 years, the highest Debt-to-Equity Ratio of Lec was 1.34. The lowest was 0.32. And the median was 0.93.

TSE:7874's Debt-to-Equity is ranked worse than
81.94% of 1761 companies
in the Consumer Packaged Goods industry
Industry Median: 0.42 vs TSE:7874: 1.13

Lec  (TSE:7874) 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.


Lec Debt-to-Equity Related Terms


Lec Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Lec'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.

Lec Debt-to-Equity Chart

Lec Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 1.19 1.24 1.34 1.23

Lec Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.29 1.24 1.20 1.23 1.13

TSE:7874 vs PG, CL, EL: Debt-to-Equity Comparison

For the Household & Personal Products subindustry, Lec'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.


Lec Debt-to-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lec's Debt-to-Equity distribution charts can be found below:

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


TSE:7874
69GF Score
Lec Inc TSE:7874
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lec Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lec's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Lec's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.23 mean?
Lec (TSE:7874) has a Debt-to-Equity of 1.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lec and its competitors. This is 32% above median its historical median of 0.93. Over the past decade, Lec's Debt-to-Equity has ranged from 0.32 to 1.34. According to the industry distribution chart, Lec ranks #1443 out of 1761 companies in the Consumer Packaged Goods industry, placing it in the top 81.9%.
Is Lec's Debt-to-Equity too high?
Lec's current Debt-to-Equity of 1.23 is 32% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.34. The Consumer Packaged Goods industry median Debt-to-Equity is 0.42. Lec's value of 1.23 is 192.9% above this industry median. Based on the distribution chart, Lec ranks #1443 out of 1761 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Lec has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lec's Debt-to-Equity compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Lec ranks #1443 out of 1761 companies for Debt-to-Equity. This places Lec in the lower half of its industry. The industry median Debt-to-Equity is 0.42. Lec's value of 1.23 is 192.9% above this benchmark. Historically, Lec's own Debt-to-Equity has ranged from 0.32 to 1.34 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.42, Lec has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.42, based on 1,761 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lec's current Debt-to-Equity of 1.23 is 192.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lec and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lec's current Debt-to-Equity is 1.23, which is 32% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lec stock overvalued right now?
Based on GuruFocus' analysis, Lec (TSE:7874) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,313.95, compared to a current price of 円951.00 — trading 27.6% below its estimated fair value. The current Debt-to-Equity is 1.23, which is 32% above median its 10-year median of 0.93 and 192.9% above the Consumer Packaged Goods industry median of 0.42. Lec's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lec (TSE:7874), the current Debt-to-Equity is 1.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lec (TSE:7874) Overvalued in 2026?

Based on GuruFocus' analysis, Lec stock appears to be undervalued. The current stock price of 円951.00 is trading 27.6% below its estimated GF Value™ of 円1,313.95. GuruFocus considers Lec to be Modestly Undervalued.

Key valuation signals for TSE:7874:

  • Debt-to-Equity: 1.23 (32% above median its 10-year median of 0.93)
  • GF Value™: 円1,313.95 vs. price of 円951.00 (27.6% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 192.9% above the Consumer Packaged Goods median (#1443 of 1761)

No single metric tells the full story. See the TSE:7874 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lec Business Description

Address 3-15-1 Nihonbashi-hamacho, Chuo-Ku, Tokyo, JPN, 103-0007
Lec Inc engages in the manufacture, sale, and import-export of household utensils, gift articles, and corporate sales palpate articles. It offers its products in various groups namely hook group, kitchen, bath supplies, toilet supplies, cleaning supplies and laundry article. Its products include sticker hooks, paper towel holders, electric toothbrush holders, cleaning tools, and extendable folding laundry clothes hangers.
69GF Score

Get the complete analysis for TSE:7874

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円951.00
Price
円1,313.95
GF Value