Kyoritsu Maintenance Co (TSE:9616) Debt-to-Equity : 1.74 (As of Dec. 2023)

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What is Kyoritsu Maintenance Co Debt-to-Equity?

Kyoritsu Maintenance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円30,562 Mil. Kyoritsu Maintenance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円111,243 Mil. Kyoritsu Maintenance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円81,685 Mil. Kyoritsu Maintenance Co's debt to equity for the quarter that ended in Dec. 2023 was 1.74.

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

TSE:9616' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 1.18 Max: 2.06
Current: 1.59

During the past 13 years, the highest Debt-to-Equity Ratio of Kyoritsu Maintenance Co was 2.06. The lowest was 1.04. And the median was 1.18.

TSE:9616's Debt-to-Equity is ranked worse than
80.2% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs TSE:9616: 1.59

Kyoritsu Maintenance Co Debt-to-Equity Historical Data

The historical data trend for Kyoritsu Maintenance 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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Kyoritsu Maintenance Co Debt-to-Equity Chart

Kyoritsu Maintenance Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.11

1.83

1.92

2.06

1.59

Kyoritsu Maintenance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.06	1.98	1.82	1.74	1.59

Competitive Comparison of Kyoritsu Maintenance Co's Debt-to-Equity

For the Lodging subindustry, Kyoritsu Maintenance 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.

Kyoritsu Maintenance Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kyoritsu Maintenance Co's Debt-to-Equity distribution charts can be found below:

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

Kyoritsu Maintenance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyoritsu Maintenance Co's Debt to Equity Ratio for the fiscal year 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
	=	(31740	+	106205)	/	86602
	=	1.59

Kyoritsu Maintenance Co'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
	=	(30562	+	111243)	/	81685
	=	1.74

Kyoritsu Maintenance Co (TSE:9616) 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.

Kyoritsu Maintenance Co Debt-to-Equity Related Terms

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Kyoritsu Maintenance Co (TSE:9616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kyoritsu Maintenance Co Ltd (TSE:9616) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

648:Germany

Address

2-18-8 Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-8621

Website

http://www.kyoritsugroup.co.jp

Kyoritsu Maintenance Co., Ltd. operates six business segments: dormitory business, hotel business, Contracted Services Business, Food Services Business, Construction Business and Other Business in Japan. The Dormitory business offers student dormitory, corporate dormitory, Domeal and consigned dormitory. Hotel business includes Resort Hotel named Dormy Inn. Contracted Services Business offers services including building management and building construction work. Other business segment includes senior life business which manages houses for the elderly and Public Kyoritsu Partnership business (PKP) which includes consigned services business provided to regional government bodies. The Company generates maximum revenue from dormitory business.

Kyoritsu Maintenance Co (TSE:9616) Headlines

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