Daiwa Heavy Industry Co (TSE:5610) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is Daiwa Heavy Industry Co Debt-to-Equity?

Daiwa Heavy Industry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,619 Mil. Daiwa Heavy Industry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Daiwa Heavy Industry Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,821 Mil. Daiwa Heavy Industry Co's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

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

TSE:5610' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.59 Max: 0.71
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Daiwa Heavy Industry Co was 0.71. The lowest was 0.47. And the median was 0.59.

TSE:5610's Debt-to-Equity is ranked worse than
57.73% of 1507 companies
in the Construction industry
Industry Median: 0.43 vs TSE:5610: 0.57

Daiwa Heavy Industry Co Debt-to-Equity Historical Data

The historical data trend for Daiwa Heavy Industry 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.

Daiwa Heavy Industry Co Debt-to-Equity Chart

Daiwa Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.49

0.63

0.66

0.68

0.57

Daiwa Heavy Industry Co 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															0.68	0.64	0.59	0.57	0.57

Competitive Comparison of Daiwa Heavy Industry Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Daiwa Heavy Industry 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.

Daiwa Heavy Industry Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Daiwa Heavy Industry Co's Debt-to-Equity distribution charts can be found below:

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

Daiwa Heavy Industry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daiwa Heavy Industry Co'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
	=	(1619.336	+	0)	/	2821.321
	=	0.57

Daiwa Heavy Industry 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
	=	(1619.336	+	0)	/	2821.321
	=	0.57

Daiwa Heavy Industry Co (TSE:5610) 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.

Daiwa Heavy Industry Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Daiwa Heavy Industry Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Daiwa Heavy Industry Co (TSE:5610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daiwa Heavy Industry Co Ltd (TSE:5610) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

KOBE 1 - chome 21 - 23, Yasagi-ku, Hiroshima, JPN, 7310221

Website

http://www.daiwajuko.co.jp

Daiwa Heavy Industry Co., Ltd. manufactures and processes castings for industry and home use. The operates through two divisions, industrial machinery related equipment division and housing-related equipment division. In the industrial machinery-related equipment division, it covers a range of castings in all areas. On the other hand, the housing-related equipment division is focusing on the casting enamel bathtub. The company is also putting efforts into landscape products and cast iron equipment for construction.

Daiwa Heavy Industry Co (TSE:5610) Headlines

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