Kanamic Network Co (TSE:3939) Debt-to-Equity : 0.38 (As of Dec. 2023)

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What is Kanamic Network Co Debt-to-Equity?

Kanamic Network Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円349 Mil. Kanamic Network Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円843 Mil. Kanamic Network Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,124 Mil. Kanamic Network Co's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

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

TSE:3939' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.16 Max: 1.26
Current: 0.38

During the past 9 years, the highest Debt-to-Equity Ratio of Kanamic Network Co was 1.26. The lowest was 0.01. And the median was 0.16.

TSE:3939's Debt-to-Equity is ranked better than
55.52% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs TSE:3939: 0.38

Kanamic Network Co Debt-to-Equity Historical Data

The historical data trend for Kanamic Network 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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Kanamic Network Co Debt-to-Equity Chart

Kanamic Network Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

1.02

1.26

0.40

Kanamic Network 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															1.17	1.05	0.30	0.40	0.38

Competitive Comparison of Kanamic Network Co's Debt-to-Equity

For the Health Information Services subindustry, Kanamic Network 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.

Kanamic Network Co's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

Kanamic Network Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kanamic Network Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(348.438	+	930.584)	/	3174.949
	=	0.40

Kanamic Network 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
	=	(348.507	+	843.431)	/	3123.531
	=	0.38

Kanamic Network Co (TSE:3939) 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.

Kanamic Network Co Debt-to-Equity Related Terms

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Kanamic Network Co (TSE:3939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kanamic Network Co Ltd (TSE:3939) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0WT:Germany

Address

4-20-3 Ebisu, 31st floor, Ebisu Garden Place Tower, Shibuya-ku, Tokyo, JPN, 150-6031

Website

http://www.kanamic.net

Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.

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