Project Holdings (TSE:9246) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is Project Holdings Debt-to-Equity?

Project Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円451 Mil. Project Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,659 Mil. Project Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,631 Mil. Project Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 Project Holdings's Debt-to-Equity or its related term are showing as below:

TSE:9246' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 1.15
Current: 0.8

During the past 5 years, the highest Debt-to-Equity Ratio of Project Holdings was 1.15. The lowest was 0.11. And the median was 0.35.

TSE:9246's Debt-to-Equity is ranked worse than
67.87% of 915 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:9246: 0.80

Project Holdings Debt-to-Equity Historical Data

The historical data trend for Project Holdings'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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Project Holdings Debt-to-Equity Chart

Project Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.15

0.80

0.13

0.24

0.84

Project Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.21	0.43	0.46	0.84	0.80

Competitive Comparison of Project Holdings's Debt-to-Equity

For the Consulting Services subindustry, Project Holdings'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.

Project Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Project Holdings's Debt-to-Equity distribution charts can be found below:

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

Project Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Project Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(457.232	+	1780.652)	/	2652.531
	=	0.84

Project Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(451.482	+	1658.639)	/	2630.82
	=	0.80

Project Holdings (TSE:9246) 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.

Project Holdings Debt-to-Equity Related Terms

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Project Holdings (TSE:9246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Project Holdings Inc (TSE:9246) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-1 Roppongi, Minato-ku, Izumi Garden Tower 39th Floor, Tokyo, JPN, 106-6039

Website

https://www.projectcompany.co.jp

Project Holdings Inc formerly Project Co Inc is engaged in providing consulting services for new business development and existing business reform by using digital technologies, planning a strategy for digital marketing, and improvement to UI/UX of smartphone apps. Its services include business solutions, marketing solutions, and UI/UX solutions.

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