Tokyo Chuo Auction Holdings (HKSE:01939) Debt-to-Equity : 0.16 (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Tokyo Chuo Auction Holdings Debt-to-Equity?

Tokyo Chuo Auction Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$12.61 Mil. Tokyo Chuo Auction Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$28.78 Mil. Tokyo Chuo Auction Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was HK$255.26 Mil. Tokyo Chuo Auction Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.16.

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 Tokyo Chuo Auction Holdings's Debt-to-Equity or its related term are showing as below:

HKSE:01939' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.27 Max: 0.75
Current: 0.16

During the past 8 years, the highest Debt-to-Equity Ratio of Tokyo Chuo Auction Holdings was 0.75. The lowest was 0.13. And the median was 0.27.

HKSE:01939's Debt-to-Equity is ranked better than
80.32% of 1001 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs HKSE:01939: 0.16

Tokyo Chuo Auction Holdings Debt-to-Equity Historical Data

The historical data trend for Tokyo Chuo Auction Holdings'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.

* Premium members only.

Tokyo Chuo Auction Holdings Debt-to-Equity Chart

Tokyo Chuo Auction Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.22

0.30

0.25

0.21

Tokyo Chuo Auction Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										0.32	0.25	0.19	0.21	0.16

Competitive Comparison of Tokyo Chuo Auction Holdings's Debt-to-Equity

For the Specialty Retail subindustry, Tokyo Chuo Auction Holdings'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.

Tokyo Chuo Auction Holdings's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tokyo Chuo Auction Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokyo Chuo Auction Holdings's Debt-to-Equity falls into.

Tokyo Chuo Auction Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyo Chuo Auction Holdings'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
	=	(21.194	+	32.248)	/	259.317
	=	0.21

Tokyo Chuo Auction Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(12.605	+	28.776)	/	255.262
	=	0.16

Tokyo Chuo Auction Holdings (HKSE:01939) 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.

Tokyo Chuo Auction Holdings Debt-to-Equity Related Terms

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

Tokyo Chuo Auction Holdings (HKSE:01939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Chuo Auction Holdings Ltd (HKSE:01939) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-5 Kyobashi, Chou-Ku, 2nd and 3rd Floor, Kyobashi Square, Tokyo, JPN, 104-0031

Website

https://www.chuo-auction.com.hk

Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.

Tokyo Chuo Auction Holdings (HKSE:01939) Headlines

No Headlines