Yoshinoya Holdings Co (TSE:9861) Debt-to-Equity : 0.51 (As of Nov. 2023)

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What is Yoshinoya Holdings Co Debt-to-Equity?

Yoshinoya Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円11,333 Mil. Yoshinoya Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円18,947 Mil. Yoshinoya Holdings Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円59,621 Mil. Yoshinoya Holdings Co's debt to equity for the quarter that ended in Nov. 2023 was 0.51.

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

TSE:9861' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.62 Max: 1.73
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Yoshinoya Holdings Co was 1.73. The lowest was 0.42. And the median was 0.62.

TSE:9861's Debt-to-Equity is ranked better than
74.92% of 303 companies
in the Restaurants industry
Industry Median: 0.94 vs TSE:9861: 0.47

Yoshinoya Holdings Co Debt-to-Equity Historical Data

The historical data trend for Yoshinoya Holdings 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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Yoshinoya Holdings Co Debt-to-Equity Chart

Yoshinoya Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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1.05

1.73

0.88

0.61

0.47

Yoshinoya Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.59	0.56	0.51	0.47

Competitive Comparison of Yoshinoya Holdings Co's Debt-to-Equity

For the Restaurants subindustry, Yoshinoya Holdings 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.

Yoshinoya Holdings Co's Debt-to-Equity Distribution in the Restaurants Industry

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

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

Yoshinoya Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yoshinoya Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(11056	+	17560)	/	60360
	=	0.47

Yoshinoya Holdings Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(11333	+	18947)	/	59621
	=	0.51

Yoshinoya Holdings Co (TSE:9861) 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.

Yoshinoya Holdings Co Debt-to-Equity Related Terms

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Yoshinoya Holdings Co (TSE:9861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Yoshinoya Holdings Co Ltd (TSE:9861) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

36-2 Nihonbashihakozakicho, 18th Floor Daiwa Rivergate, (Reception on 18th Floor, North Wing), Chuo-ku, Tokyo, JPN, 103-0015

Website

http://www.yoshinoya-holdings.com

Yoshinoya Holdings Co Ltd owns, operates, and franchises thousands of restaurants primarily in Japan. The company has five business segments: Yoshinoya, a restaurant brand that serves gyudon and other fast food and accounts for roughly half of the company's sales; Hanamaru, a self-service sanuki udon restaurant brand; Arcmeal, which operates Steak-no-Don, Shabu Shabu Don-tei, Steak House Volks, and Don Italiano restaurants; Kyotaru, which operates takeout sushi and rotary sushi restaurants called Sushi Misaki Maru, Kaisen Misakiko, and Kyotaru; and Overseas, which operates primarily Yoshinoya restaurants in China, the United States, Thailand, and Malaysia. The company has roughly 2,000 stores in Japan and nearly 700 outside Japan.

Yoshinoya Holdings Co (TSE:9861) Headlines

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