Glad Cube (TSE:9561) Debt-to-Equity : 0.64 (As of Mar. 2024)

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What is Glad Cube Debt-to-Equity?

Glad Cube's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円256 Mil. Glad Cube's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円606 Mil. Glad Cube's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円1,359 Mil. Glad Cube's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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

TSE:9561' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.61 Max: 1.51
Current: 0.64

During the past 4 years, the highest Debt-to-Equity Ratio of Glad Cube was 1.51. The lowest was 0.40. And the median was 0.61.

TSE:9561's Debt-to-Equity is ranked worse than
77.21% of 2207 companies
in the Software industry
Industry Median: 0.2 vs TSE:9561: 0.64

Glad Cube Debt-to-Equity Historical Data

The historical data trend for Glad Cube'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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Glad Cube Debt-to-Equity Chart

Glad Cube Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.51

0.75

0.47

0.69

Glad Cube Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					0.40	0.47	0.57	0.69	0.64

Competitive Comparison of Glad Cube's Debt-to-Equity

For the Software - Application subindustry, Glad Cube'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.

Glad Cube's Debt-to-Equity Distribution in the Software Industry

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

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

Glad Cube Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glad Cube's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(265.347	+	679.092)	/	1378.082
	=	0.69

Glad Cube's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(256.173	+	606.275)	/	1359.047
	=	0.63

Glad Cube (TSE:9561) 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.

Glad Cube Debt-to-Equity Related Terms

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

Glad Cube (TSE:9561) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glad Cube Inc (TSE:9561) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-7 Kawaramachi, Osaka Chuo-ku, Osaka, JPN, 541-0048

Website

https://corp.glad-cube.com

Glad Cube Inc operates as an internet advertise agency and website optimization platform that provides Heat maps and AB testing function by own product "iTest which includes artificial intelligence and machine learning.

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