Eltes Co (TSE:3967) Debt-to-Equity : 1.43 (As of Nov. 2023)

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What is Eltes Co Debt-to-Equity?

Eltes Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円1,087 Mil. Eltes Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円2,269 Mil. Eltes Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円2,352 Mil. Eltes Co's debt to equity for the quarter that ended in Nov. 2023 was 1.43.

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

TSE:3967' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 1.43
Current: 1.43

During the past 9 years, the highest Debt-to-Equity Ratio of Eltes Co was 1.43. The lowest was 0.01. And the median was 0.03.

TSE:3967's Debt-to-Equity is ranked worse than
90.41% of 2222 companies
in the Software industry
Industry Median: 0.21 vs TSE:3967: 1.43

Eltes Co Debt-to-Equity Historical Data

The historical data trend for Eltes 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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Eltes Co Debt-to-Equity Chart

Eltes Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.02

0.63

0.52

1.16

Eltes Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															1.28	1.16	1.15	1.43	1.43

Competitive Comparison of Eltes Co's Debt-to-Equity

For the Software - Application subindustry, Eltes 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.

Eltes Co's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Eltes Co's Debt-to-Equity distribution charts can be found below:

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

Eltes Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eltes Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(555.306	+	2157.333)	/	2335.014
	=	1.16

Eltes Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(1087.295	+	2269.248)	/	2352.417
	=	1.43

Eltes Co (TSE:3967) 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.

Eltes Co Debt-to-Equity Related Terms

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Eltes Co (TSE:3967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eltes Co Ltd (TSE:3967) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-2-5, Kasumigaseki, 6th Floor, Kasumigaseki Building, Chiyoda-ku, Tokyo, JPN, 100-6006

Website

https://eltes.co.jp

Eltes Co Ltd provides consultation services based on digital risk technology for database risk and other large storage protection in Japan. It also offers internal fraud detection services that enable the prevention of information security breaches caused by internal factors; and a service that includes detection and diagnosis of security breaches caused by external factors.

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