Gunze (TSE:3002) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Gunze Debt-to-Equity?

Gunze's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,107 Mil. Gunze's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,272 Mil. Gunze's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円119,451 Mil. Gunze's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Gunze's Debt-to-Equity or its related term are showing as below:

TSE:3002' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.24 Max: 0.3
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Gunze was 0.30. The lowest was 0.08. And the median was 0.24.

TSE:3002's Debt-to-Equity is ranked better than
83.8% of 932 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.43 vs TSE:3002: 0.08

Gunze Debt-to-Equity Historical Data

The historical data trend for Gunze'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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Gunze Debt-to-Equity Chart

Gunze Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.23

0.15

0.09

0.14

0.08

Gunze Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.13	0.11	0.10	0.08

Competitive Comparison of Gunze's Debt-to-Equity

For the Apparel Manufacturing subindustry, Gunze'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.

Gunze's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gunze's Debt-to-Equity distribution charts can be found below:

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

Gunze Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gunze's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(977	+	8230)	/	118763
	=	0.08

Gunze'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
	=	(4107	+	8272)	/	119451
	=	0.10

Gunze (TSE:3002) 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.

Gunze Debt-to-Equity Related Terms

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

Gunze (TSE:3002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gunze Ltd (TSE:3002) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-25, Umeda, Kita-ku, Herbis Osaka Office Tower, Osaka, JPN, 530-0001

Website

http://www.gunze.co.jp

Gunze Ltd has three business lines: Apparel, Functional Solutions, and Lifestyle Creation. Apparel, which is the company's largest business by revenue, manufactures innerwear, legwear, house casual wear, and threads and accessories with brands including Kaiteki Kobo, Body Wild, Tuche, The Gunze, and Sabrina. Functional Solutions produces plastic films, engineering plastics, electronic components, mechatronics, and medical materials for the beverage, electronics, and medical industries. Lifestyle Creations, the smallest business, engages in a variety of service businesses including landscaping, fitness clubs and spas, property development, and energy engineering. Roughly three fourths of the company's sales come from Japan.

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