Open Up Group (TSE:2154) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Open Up Group Debt-to-Equity?

Open Up Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,153 Mil. Open Up Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円60 Mil. Open Up Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円67,963 Mil. Open Up Group's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSE:2154' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.19 Max: 1.01
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Open Up Group was 1.01. The lowest was 0.00. And the median was 0.19.

TSE:2154's Debt-to-Equity is ranked better than
95.26% of 928 companies
in the Business Services industry
Industry Median: 0.385 vs TSE:2154: 0.02

Open Up Group Debt-to-Equity Historical Data

The historical data trend for Open Up Group'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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Open Up Group Debt-to-Equity Chart

Open Up Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.20

0.16

0.17

0.03

0.02

Open Up Group 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															0.06	0.05	0.02	0.02	0.02

Competitive Comparison of Open Up Group's Debt-to-Equity

For the Staffing & Employment Services subindustry, Open Up Group'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.

Open Up Group's Debt-to-Equity Distribution in the Business Services Industry

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

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

Open Up Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Open Up Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1415	+	120)	/	64956
	=	0.02

Open Up Group'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
	=	(1153	+	60)	/	67963
	=	0.02

Open Up Group (TSE:2154) 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.

Open Up Group Debt-to-Equity Related Terms

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

Open Up Group (TSE:2154) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Open Up Group Inc (TSE:2154) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

BNXYF:USA

Address

2-14-1 Higashi Shimbashi, NBF Commodio Shiodome, Minato-ku, Tokyo, JPN, 105-0021

Website

https://www.openupgroup.co.jp

Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.

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