UT Group Co (TSE:2146) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is UT Group Co Debt-to-Equity?

UT Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,088 Mil. UT Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,702 Mil. UT Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円32,051 Mil. UT Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

TSE:2146' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.79 Max: 2.43
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of UT Group Co was 2.43. The lowest was 0.38. And the median was 0.79.

TSE:2146's Debt-to-Equity is ranked worse than
50.16% of 929 companies
in the Business Services industry
Industry Median: 0.39 vs TSE:2146: 0.40

UT Group Co Debt-to-Equity Historical Data

The historical data trend for UT Group 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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UT Group Co Debt-to-Equity Chart

UT Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.43

0.59

0.60

0.98

0.57

UT Group 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															0.64	0.57	0.49	0.47	0.40

Competitive Comparison of UT Group Co's Debt-to-Equity

For the Staffing & Employment Services subindustry, UT Group 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.

UT Group Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UT Group Co's Debt-to-Equity distribution charts can be found below:

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

UT Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

UT Group 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
	=	(4002	+	12417)	/	28912
	=	0.57

UT Group 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
	=	(4088	+	8702)	/	32051
	=	0.40

UT Group Co (TSE:2146) 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.

UT Group Co Debt-to-Equity Related Terms

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UT Group Co (TSE:2146) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UT Group Co Ltd (TSE:2146) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-15 Higashi-Gotanda, Denpa Building. 6th Floor, Shinagawa-ku, Tokyo, JPN, 141-0022

Website

http://www.ut-g.co.jp

UT Group Co Ltd is engaged in worker dispatch and outsourcing of permanent employees in manufacturing, design, and development, construction, and other sectors. The firm operates in three segments: Manufacturing Business, Solution Business, and Engineering Business.

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