Belluna Co (TSE:9997) Debt-to-Equity : 0.92 (As of Dec. 2023)

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What is Belluna Co Debt-to-Equity?

Belluna Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円18,924 Mil. Belluna Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円102,412 Mil. Belluna Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円132,002 Mil. Belluna Co's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

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

TSE:9997' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.7 Max: 0.89
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Belluna Co was 0.89. The lowest was 0.52. And the median was 0.70.

TSE:9997's Debt-to-Equity is ranked worse than
62.6% of 1000 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs TSE:9997: 0.88

Belluna Co Debt-to-Equity Historical Data

The historical data trend for Belluna 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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Belluna Co Debt-to-Equity Chart

Belluna Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.77

0.65

0.71

0.89

0.88

Belluna Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.89	0.87	0.89	0.92	0.88

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

For the Specialty Retail subindustry, Belluna 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.

Belluna Co's Debt-to-Equity Distribution in the Retail - Cyclical Industry

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

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

Belluna Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Belluna Co's Debt to Equity Ratio for the fiscal year 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
	=	(18594	+	100955)	/	135191
	=	0.88

Belluna 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
	=	(18924	+	102412)	/	132002
	=	0.92

Belluna Co (TSE:9997) 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.

Belluna Co Debt-to-Equity Related Terms

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Belluna Co (TSE:9997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Belluna Co Ltd (TSE:9997) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2 Miyamoto-cho, Ageo City, Saitama, JPN, 362-8688

Website

http://www.belluna.co.jp

Belluna Co Ltd is primarily a mail-order retailer that sells a wide range of products, including apparel, home furnishings, food, wine, cosmetics, health food, and nursing supplies through catalogs and e-commerce sites. More than 80% of the company's sales come from its mail-order business. Remaining revenue comes from its apparel retail stores; its solution business, which offers outsourced services for Belluna's corporate clients; its finance business, which offers financing services that target mail-order customers; and its property business, which leases office and commercial space and engages in property development. Nearly all the company's sales are in Japan.

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