Casy Co (TSE:9215) Debt-to-Equity : 0.34 (As of Feb. 2024)

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What is Casy Co Debt-to-Equity?

Casy Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円10 Mil. Casy Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円70 Mil. Casy Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円238 Mil. Casy Co's debt to equity for the quarter that ended in Feb. 2024 was 0.34.

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

TSE:9215' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.34 Max: 1.43
Current: 0.34

During the past 5 years, the highest Debt-to-Equity Ratio of Casy Co was 1.43. The lowest was 0.29. And the median was 0.34.

TSE:9215's Debt-to-Equity is ranked worse than
61.79% of 2214 companies
in the Software industry
Industry Median: 0.21 vs TSE:9215: 0.34

Casy Co Debt-to-Equity Historical Data

The historical data trend for Casy 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.

* Premium members only.

Casy Co Debt-to-Equity Chart

Casy Co Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

1.42

1.34

0.32

0.29

Casy Co Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial								0.31	0.30	0.31	0.29	0.34

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

For the Software - Application subindustry, Casy 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.

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

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

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

Casy Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Casy Co's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	70)	/	239.735
	=	0.29

Casy Co'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
	=	(10	+	70)	/	238.464
	=	0.34

Casy Co (TSE:9215) 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.

Casy Co Debt-to-Equity Related Terms

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Casy Co (TSE:9215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Casy Co Ltd (TSE:9215) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-11 Kamiosaki, Shinagawa-ku, Tokyo, JPN, 141-0021

Website

https://corp.casy.co.jp

Casy Co Ltd is engaged in managing home service platform including housekeeping to create valuable time of life.

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