Caster Co (TSE:9331) Debt-to-Equity : 0.13 (As of Aug. 2023)

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What is Caster Co Debt-to-Equity?

Caster Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円130 Mil. Caster Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円0 Mil. Caster Co's Total Stockholders Equity for the quarter that ended in Aug. 2023 was 円1,039 Mil. Caster Co's debt to equity for the quarter that ended in Aug. 2023 was 0.13.

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

TSE:9331' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.36 Max: 1.21
Current: 0.13

During the past 3 years, the highest Debt-to-Equity Ratio of Caster Co was 1.21. The lowest was 0.13. And the median was 0.36.

TSE:9331's Debt-to-Equity is ranked better than
74.97% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:9331: 0.13

Caster Co Debt-to-Equity Historical Data

The historical data trend for Caster 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.

* Premium members only.

Caster Co Debt-to-Equity Chart

Caster Co Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Equity

1.21

0.36

0.13

Caster Co Semi-Annual Data
	Aug21	Aug22	Aug23
Debt-to-Equity	1.21	0.36	0.13

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

For the Staffing & Employment Services subindustry, Caster 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.

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

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

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

Caster Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Caster Co's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(130	+	0)	/	1039.254
	=	0.13

Caster Co's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(130	+	0)	/	1039.254
	=	0.13

Caster Co (TSE:9331) 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.

Caster Co Debt-to-Equity Related Terms

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

Caster Co (TSE:9331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Caster Co Ltd (TSE:9331) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11365-1 Kanoda, Saito, Miyazaki, JPN, 881-0104

Website

https://caster.co.jp

Caster Co Ltd is engaged in human resource business operation that includes remote assistance. It has a motive to make remote work the norm.

Caster Co (TSE:9331) Headlines

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