Gourmet Kineya Co (TSE:9850) Debt-to-Equity : 2.60 (As of Dec. 2023)

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What is Gourmet Kineya Co Debt-to-Equity?

Gourmet Kineya Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,970 Mil. Gourmet Kineya Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円17,594 Mil. Gourmet Kineya Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円8,689 Mil. Gourmet Kineya Co's debt to equity for the quarter that ended in Dec. 2023 was 2.60.

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

TSE:9850' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.83 Max: 3.05
Current: 2.6

During the past 13 years, the highest Debt-to-Equity Ratio of Gourmet Kineya Co was 3.05. The lowest was 0.61. And the median was 0.83.

TSE:9850's Debt-to-Equity is ranked worse than
81.52% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs TSE:9850: 2.60

Gourmet Kineya Co Debt-to-Equity Historical Data

The historical data trend for Gourmet Kineya 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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Gourmet Kineya Co Debt-to-Equity Chart

Gourmet Kineya Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.81

1.15

2.42

2.66

3.05

Gourmet Kineya Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.72	3.05	3.02	2.86	2.60

Competitive Comparison of Gourmet Kineya Co's Debt-to-Equity

For the Restaurants subindustry, Gourmet Kineya 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.

Gourmet Kineya Co's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Gourmet Kineya Co's Debt-to-Equity distribution charts can be found below:

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

Gourmet Kineya Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gourmet Kineya Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(3872.602	+	19522.999)	/	7684.348
	=	3.04

Gourmet Kineya Co's Debt to Equity Ratio for the quarter 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
	=	(4969.84	+	17594.25)	/	8689.47
	=	2.60

Gourmet Kineya Co (TSE:9850) 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.

Gourmet Kineya Co Debt-to-Equity Related Terms

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Gourmet Kineya Co (TSE:9850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gourmet Kineya Co Ltd (TSE:9850) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4, No. 7, No. 3-chome, Osaka, JPN

Website

http://www.gourmet-kineya.co.jp

Gourmet Kineya Co Ltd engages in the management of restaurants. The firm operates a chain of stores serving udon, soba, sushi, and western-style cuisine and ethnic-themed restaurants. It is also engaged in offering in-flight catering and food services. In addition, the company is involved in the production, processing, and sale of frozen food; general property leasing services; railway and passenger transportation services; sale of Japanese rice and seafood products; customs clearance and bonded storage business.

Gourmet Kineya Co (TSE:9850) Headlines

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