GRCS (TSE:9250) Debt-to-Equity : 2.13 (As of May. 2024)

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What is GRCS Debt-to-Equity?

GRCS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円205 Mil. GRCS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円416 Mil. GRCS's Total Stockholders Equity for the quarter that ended in May. 2024 was 円292 Mil. GRCS's debt to equity for the quarter that ended in May. 2024 was 2.13.

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

TSE:9250' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 2.08 Max: 3.85
Current: 2.13

During the past 5 years, the highest Debt-to-Equity Ratio of GRCS was 3.85. The lowest was 0.25. And the median was 2.08.

TSE:9250's Debt-to-Equity is ranked worse than
94.28% of 2219 companies
in the Software industry
Industry Median: 0.21 vs TSE:9250: 2.13

GRCS Debt-to-Equity Historical Data

The historical data trend for GRCS'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.

GRCS Debt-to-Equity Chart

GRCS Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

3.30

2.05

0.28

1.28

3.85

GRCS Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial									2.67	2.96	3.85	2.99	2.13

Competitive Comparison of GRCS's Debt-to-Equity

For the Information Technology Services subindustry, GRCS'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.

GRCS's Debt-to-Equity Distribution in the Software Industry

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

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

GRCS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GRCS's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(274.476	+	391.899)	/	172.906
	=	3.85

GRCS's Debt to Equity Ratio for the quarter that ended in May. 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
	=	(204.524	+	416.269)	/	291.579
	=	2.13

GRCS (TSE:9250) 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.

GRCS Debt-to-Equity Related Terms

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GRCS Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

9th Floor, MG Ichigaya Building, 1-9 Gobancho, Chiyoda-ku, Tokyo, JPN

Website

https://www.grcs.co.jp

GRCS Inc provide GRC solutions that visualize the risks surrounding a company and utilize IT to optimize company rules and social rules while utilizing them in management.

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