Grandy House (TSE:8999) Debt-to-Equity : 1.81 (As of Dec. 2023)

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What is Grandy House Debt-to-Equity?

Grandy House's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円23,572 Mil. Grandy House's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円21,259 Mil. Grandy House's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円24,829 Mil. Grandy House's debt to equity for the quarter that ended in Dec. 2023 was 1.81.

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 Grandy House's Debt-to-Equity or its related term are showing as below:

TSE:8999' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.96 Med: 1.21 Max: 1.81
Current: 1.81

During the past 13 years, the highest Debt-to-Equity Ratio of Grandy House was 1.81. The lowest was 0.96. And the median was 1.21.

TSE:8999's Debt-to-Equity is ranked worse than
79.6% of 1583 companies
in the Real Estate industry
Industry Median: 0.76 vs TSE:8999: 1.81

Grandy House Debt-to-Equity Historical Data

The historical data trend for Grandy House'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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Grandy House Debt-to-Equity Chart

Grandy House Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.96

1.29

1.25

1.17

1.52

Grandy House 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															1.46	1.52	1.73	1.72	1.81

Competitive Comparison of Grandy House's Debt-to-Equity

For the Real Estate Services subindustry, Grandy House'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.

Grandy House's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Grandy House's Debt-to-Equity distribution charts can be found below:

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

Grandy House Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grandy House's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(18899.768	+	20883.041)	/	26196.012
	=	1.52

Grandy House'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
	=	(23571.654	+	21258.605)	/	24829.366
	=	1.81

Grandy House (TSE:8999) 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.

Grandy House Debt-to-Equity Related Terms

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Grandy House (TSE:8999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grandy House Corp (TSE:8999) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-3-18, Odori, Tochigi Prefecture, UTSUNOMIYA, JPN, 3320-081

Website

https://www.grandy.co.jp

Grandy House Corp is a real estate company based in Japan. The company's three reportable segments are classified as Real Estate Sales, Construction Material Sales, and Real Estate Leasing. The Real Estate Sales business includes sales of new homes including building contract and sale of land and existing homes and home renovation. The Construction Material Sales business comprises of production and sale of pre-cut materials for housing and sale of construction materials and home facilities and equipment. In the Real Estate Leasing business, activities comprise the leasing of office, homes, related properties, and parking facilities.

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