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.
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.
Casy CoTSE:9215 -1.22%75 Debt-to-Equity is 0.67 as of May. 2026, which is 81% above its 10-year median of 0.37. GuruFocus rates TSE:9215 with a GF Score™ of 75/100 and a GF Value™ of 円1,171.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,246 Software companies, Casy Co ranks worse than 76.85% on this metric.
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 Casy Co's Debt-to-Equity or its related term are showing as below:
TSE:9215'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.37 Max: 1.43
Current: 0.67
During the past 7 years, the highest Debt-to-Equity Ratio of Casy Co was 1.43. The lowest was 0.29. And the median was 0.37.
TSE:9215's Debt-to-Equity is ranked worse than 76.85% of 2246
companies
in the Software industry
Industry Median: 0.2
vs TSE:9215: 0.67
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.
Casy Co Debt-to-Equity Related Terms
Casy Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Casy 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.
TSE:9215 vs CRM, SHOP, UBER: Debt-to-Equity Comparison
For the Software - Application subindustry, Casy 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.
Casy Co Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Casy Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Casy Co's Debt-to-Equity falls into.
* 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.
Casy Co (TSE:9215) has a Debt-to-Equity of 0.67 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Casy Co and its competitors. This is 81% above median its historical median of 0.37. Over the past decade, Casy Co's Debt-to-Equity has ranged from 0.29 to 1.43. According to the industry distribution chart, Casy Co ranks #1726 out of 2246 companies in the Software industry, placing it in the top 76.8%.
Is Casy Co's Debt-to-Equity too high?
Casy Co's current Debt-to-Equity of 0.67 is 81% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.43. The Software industry median Debt-to-Equity is 0.20. Casy Co's value of 0.67 is 235% above this industry median. Based on the distribution chart, Casy Co ranks #1726 out of 2246 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Casy Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Casy Co's Debt-to-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, Casy Co ranks #1726 out of 2246 companies for Debt-to-Equity. This places Casy Co in the lower half of its industry. The industry median Debt-to-Equity is 0.20. Casy Co's value of 0.67 is 235% above this benchmark. Historically, Casy Co's own Debt-to-Equity has ranged from 0.29 to 1.43 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.20, Casy Co 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,246 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. Casy Co's current Debt-to-Equity of 0.67 is 235% 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 Casy Co and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casy Co's current Debt-to-Equity is 0.67, which is 81% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casy Co stock overvalued right now?
Based on GuruFocus' analysis, Casy Co (TSE:9215) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,171.63, compared to a current price of 円974.00 — trading 16.9% below its estimated fair value. The current Debt-to-Equity is 0.67, which is 81% above median its 10-year median of 0.37 and 235% above the Software industry median of 0.20. Casy Co's overall GF Score™ is 75/100 with 2 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 Casy Co (TSE:9215), the current Debt-to-Equity is 0.67 as of May. 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 Casy Co (TSE:9215) Overvalued in 2026?
Based on GuruFocus' analysis, Casy Co stock appears to be undervalued.
The current stock price of 円974.00 is trading 16.9% below its estimated GF Value™ of 円1,171.63.
GuruFocus considers Casy Co to be Modestly Undervalued.
Key valuation signals for TSE:9215:
Debt-to-Equity: 0.67 (81% above median its 10-year median of 0.37)
GF Value™: 円1,171.63 vs. price of 円974.00 (16.9% below fair value)
Industry Position: 235% above the Software median (#1726 of 2246)
No single metric tells the full story. See the TSE:9215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:9215 has been successfully added to your 
