JINS Holdings (TSE:3046) Debt-to-Equity : 0.52 (As of Feb. 2024)

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What is JINS Holdings Debt-to-Equity?

JINS Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円11,672 Mil. JINS Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円28 Mil. JINS Holdings's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円22,649 Mil. JINS Holdings's debt to equity for the quarter that ended in Feb. 2024 was 0.52.

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

TSE:3046' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.34 Max: 1.58
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of JINS Holdings was 1.58. The lowest was 0.14. And the median was 0.34.

TSE:3046's Debt-to-Equity is ranked worse than
73.28% of 711 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TSE:3046: 0.52

JINS Holdings Debt-to-Equity Historical Data

The historical data trend for JINS 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.

JINS Holdings Debt-to-Equity Chart

JINS Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.22

1.38

1.16

1.12

0.58

JINS Holdings 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															0.58	0.55	0.58	0.55	0.52

Competitive Comparison of JINS Holdings's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, JINS 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.

JINS Holdings's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, JINS Holdings's Debt-to-Equity distribution charts can be found below:

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

JINS Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JINS Holdings's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(2273	+	10241)	/	21777
	=	0.57

JINS Holdings's Debt to Equity Ratio for the quarter 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
	=	(11672	+	28)	/	22649
	=	0.52

JINS Holdings (TSE:3046) 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.

JINS Holdings Debt-to-Equity Related Terms

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JINS Holdings (TSE:3046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JINS Holdings Inc (TSE:3046) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5F3:Germany

Address

2-10-2 Fujimi, Iidabashi Grand Broom, 30th Floor, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://jinsholdings.com

JINS Holdings Inc is an eye wear retailer that manufactures and sells private-label fashion eyeglasses and sunglasses. It offers prescription eyeglasses and nonprescription fashion or functional eyeglasses. Its inventory is on the shelves, and it charges flat rates with generally no additional charges or options for lens features. Jin has more than 300 stores in Japan as well as locations in China, Taiwan, and the United States. Stores are typically located in high-traffic areas such as shopping centers, malls, and train stations.

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