LY (TSE:4689) Debt-to-Revenue : 0.91 (As of Mar. 2026)

LY TSE:4689 -0.05% 84 Debt-to-Revenue is 0.91 as of Mar. 2026. GuruFocus rates TSE:4689 with a GF Score™ of 84/100 and a GF Value™ of 円485.23 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Debt-to-Revenue measures a company's ability to pay off its debt.

LY's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円0 Mil. LY's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円1,961,998 Mil. LY's annualized Revenue for the quarter that ended in Mar. 2026 was 円2,164,036 Mil. LY's annualized Debt-to-Revenue for the quarter that ended in Mar. 2026 was 0.91.

LY Debt-to-Revenue Related Terms

LY Debt-to-Revenue Historical Data

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The historical data trend for LY's Debt-to-Revenue 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.

LY Debt-to-Revenue Chart

LY Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Debt-to-Revenue

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1.06

1.14

1.04

0.88

0.96

LY Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Revenue	Get a 7-Day Free Trial															0.87	1.01	0.97	0.98	0.91

TSE:4689 vs AMZN, BABA, PDD: Debt-to-Revenue Comparison

For the Internet Retail subindustry, LY's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

LY Debt-to-Revenue vs Retail - Cyclical Industry

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

* The bar in red indicates where LY's Debt-to-Revenue falls into.

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84GF Score

LY Corp TSE:4689

Debt-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.

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LY Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

LY's Debt-to-Revenue for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	1961998)	/	2036366
	=	0.96

LY's annualized Debt-to-Revenue for the quarter that ended in Mar. 2026 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	1961998)	/	2164036
	=	0.91

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2026) Revenue data.

Frequently Asked Questions Learn more about Debt-to-Revenue →

What does a Debt-to-Revenue of 0.91 mean?

LY (TSE:4689) has a Debt-to-Revenue of 0.91 as of Mar. 2026.

Is LY's Debt-to-Revenue too high?

LY's current Debt-to-Revenue is 0.91. Overall, LY has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does LY's Debt-to-Revenue compare to AMZN and BABA?

LY's Debt-to-Revenue of 0.91 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Debt-to-Revenue for a Retail - Cyclical company?

A good Debt-to-Revenue depends on the Retail - Cyclical industry context. However, Debt-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Debt-to-Revenue mean?

A high Debt-to-Revenue can signal that a stock is expensive relative to its fundamentals. LY's current Debt-to-Revenue is 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is LY stock overvalued right now?

Based on GuruFocus' analysis, LY (TSE:4689) is currently considered Modestly Undervalued. The stock's GF Value™ is 円485.23, compared to a current price of 円406.60 — trading 16.2% below its estimated fair value. The current Debt-to-Revenue is 0.91. LY's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Debt-to-Revenue calculated?

Debt-to-Revenue is calculated from a company's financial statements. For LY (TSE:4689), the current Debt-to-Revenue is 0.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LY (TSE:4689) Overvalued in 2026?

Based on GuruFocus' analysis, LY stock appears to be undervalued. The current stock price of 円406.60 is trading 16.2% below its estimated GF Value™ of 円485.23. GuruFocus considers LY to be Modestly Undervalued.

Key valuation signals for TSE:4689:

Debt-to-Revenue: 0.91
GF Value™: 円485.23 vs. price of 円406.60 (16.2% below fair value)
GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the TSE:4689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

LY Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies TSE:4755 TSE:3064 TSE:3092 TSE:4385 TSE:7685 TSE:3964 TSE:2678 TSE:8005 TSE:3182 TSE:4449 AMZN BABA PDD XAMS:PRX MELI DASH HKSE:03690 SE EBAY JSE:NPN

Other Exchanges YAHOY:USA YAHOF:USA 4689N:Mexico

Address Tokyo Kioicho Kioi Tower, 1-3 Kioicho Chiyoda Ward, Tokyo Garden Terrace, Tokyo, JPN, 102 - 8282

Website https://www.lycorp.co.jp

LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.

84GF Score

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Debt-to-Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円406.60

Price

円485.23

GF Value

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