Tsuruha Holdings (TSE:3391) Debt-to-Equity : 0.18 (As of Feb. 2024)

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What is Tsuruha Holdings Debt-to-Equity?

Tsuruha Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円8,570 Mil. Tsuruha Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円42,859 Mil. Tsuruha Holdings's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円283,324 Mil. Tsuruha Holdings's debt to equity for the quarter that ended in Feb. 2024 was 0.18.

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

TSE:3391' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.21
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Tsuruha Holdings was 0.21. The lowest was 0.00. And the median was 0.07.

TSE:3391's Debt-to-Equity is ranked better than
68.35% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs TSE:3391: 0.18

Tsuruha Holdings Debt-to-Equity Historical Data

The historical data trend for Tsuruha 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.

Tsuruha Holdings Debt-to-Equity Chart

Tsuruha Holdings Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.07

0.05

0.15

0.21

0.20

Tsuruha 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															0.19	0.20	0.19	0.18	0.18

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

For the Pharmaceutical Retailers subindustry, Tsuruha 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.

Tsuruha Holdings's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Tsuruha Holdings's Debt-to-Equity distribution charts can be found below:

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

Tsuruha Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsuruha Holdings's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(11403	+	43460)	/	278345
	=	0.20

Tsuruha 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
	=	(8570	+	42859)	/	283324
	=	0.18

Tsuruha Holdings (TSE:3391) 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.

Tsuruha Holdings Debt-to-Equity Related Terms

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Tsuruha Holdings (TSE:3391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tsuruha Holdings Inc (TSE:3391) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TSUSF:USA

Address

20, Higashi 24-chome, Higashi Sapporo 1-21, Kitaku, JPN, 065-0024

Website

http://www.tsuruha-hd.co.jp

Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. Tsuruha also provides blood testing services, disease prevention solutions, and at-home drug delivery services.

Tsuruha Holdings (TSE:3391) Headlines

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