Two stone & Sons (TSE:7352) Debt-to-Equity : 2.52 (As of Feb. 2024)

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What is Two stone & Sons Debt-to-Equity?

Two stone & Sons's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円576 Mil. Two stone & Sons's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円1,666 Mil. Two stone & Sons's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円890 Mil. Two stone & Sons's debt to equity for the quarter that ended in Feb. 2024 was 2.52.

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 Two stone & Sons's Debt-to-Equity or its related term are showing as below:

TSE:7352' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.96 Max: 2.52
Current: 2.52

During the past 6 years, the highest Debt-to-Equity Ratio of Two stone & Sons was 2.52. The lowest was 0.29. And the median was 0.96.

TSE:7352's Debt-to-Equity is ranked worse than
90.17% of 926 companies
in the Business Services industry
Industry Median: 0.37 vs TSE:7352: 2.52

Two stone & Sons Debt-to-Equity Historical Data

The historical data trend for Two stone & Sons'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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Two stone & Sons Debt-to-Equity Chart

Two stone & Sons Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.58

0.49

0.29

1.11

2.02

Two stone & Sons Quarterly Data
	Aug18	Aug19	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														1.14	1.32	2.02	2.05	2.52

Competitive Comparison of Two stone & Sons's Debt-to-Equity

For the Specialty Business Services subindustry, Two stone & Sons'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.

Two stone & Sons's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Two stone & Sons's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Two stone & Sons's Debt-to-Equity falls into.

Two stone & Sons Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Two stone & Sons'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
	=	(597.478	+	1214.976)	/	897.072
	=	2.02

Two stone & Sons'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
	=	(576.052	+	1665.815)	/	889.901
	=	2.52

Two stone & Sons (TSE:7352) 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.

Two stone & Sons Debt-to-Equity Related Terms

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Two stone & Sons (TSE:7352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Two stone & Sons Inc (TSE:7352) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-22-3 Shibuya, Shibuya East Exit Building 6F, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://twostone-s.com

Two Stone & Sons Inc is an engineering company providing engineering resources to companies, media businesses, and programming school businesses. The company develops services such as in-house media management and client solutions such as contract development.

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