Maruhachi Warehouse Co (TSE:9313) Debt-to-Equity : 0.42 (As of May. 2024)

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What is Maruhachi Warehouse Co Debt-to-Equity?

Maruhachi Warehouse Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円853 Mil. Maruhachi Warehouse Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2024 was 円3,910 Mil. Maruhachi Warehouse Co's Total Stockholders Equity for the quarter that ended in May. 2024 was 円11,359 Mil. Maruhachi Warehouse Co's debt to equity for the quarter that ended in May. 2024 was 0.42.

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

TSE:9313' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.5 Max: 0.62
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Maruhachi Warehouse Co was 0.62. The lowest was 0.13. And the median was 0.50.

TSE:9313's Debt-to-Equity is ranked worse than
52.74% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:9313: 0.42

Maruhachi Warehouse Co Debt-to-Equity Historical Data

The historical data trend for Maruhachi Warehouse 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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Maruhachi Warehouse Co Debt-to-Equity Chart

Maruhachi Warehouse Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.47

0.53

0.61

0.56

0.46

Maruhachi Warehouse Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.49	0.46	0.44	0.42

Competitive Comparison of Maruhachi Warehouse Co's Debt-to-Equity

For the Specialty Business Services subindustry, Maruhachi Warehouse 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.

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

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

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

Maruhachi Warehouse Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maruhachi Warehouse Co'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
	=	(872.94	+	4266.834)	/	11068.848
	=	0.46

Maruhachi Warehouse Co'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
	=	(852.94	+	3910.364)	/	11359.063
	=	0.42

Maruhachi Warehouse Co (TSE:9313) 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.

Maruhachi Warehouse Co Debt-to-Equity Related Terms

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Maruhachi Warehouse Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maruhachi Warehouse Co Ltd (TSE:9313) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1-9 Tomioka, Koto Ward, Tokyo HF Monzennakacho Building, 4th Floor, Tokyo, JPN, 135-0047

Website

https://www.maru8.co.jp

Maruhachi Warehouse Co Ltd operates warehouses and distribution centers. It reports its activities as two business segments - Logistics Business and Real Estate Business. The majority of its revenue is derived from the Logistics business segment. Its services include warehousing, warehousing leasing, cargo disposal of goods, freight transportation, real estate, and brokerage.

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