Morita Holdings (Morita Holdings) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Morita Holdings Debt-to-Equity?

Morita Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $9.6 Mil. Morita Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Morita Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $604.1 Mil. Morita Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

MRTAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.27
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Morita Holdings was 0.27. The lowest was 0.02. And the median was 0.13.

MRTAF's Debt-to-Equity is ranked better than
93.8% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs MRTAF: 0.02

Morita Holdings Debt-to-Equity Historical Data

The historical data trend for Morita 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.

* Premium members only.

Morita Holdings Debt-to-Equity Chart

Morita Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.11

0.08

0.02

Morita Holdings 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															-	0.01	0.02	0.02	0.02

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

For the Specialty Industrial Machinery subindustry, Morita 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.

Morita Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morita Holdings's Debt-to-Equity distribution charts can be found below:

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

Morita Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Morita Holdings'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
	=	(9.558	+	0)	/	604.131
	=	0.02

Morita 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
	=	(9.558	+	0)	/	604.131
	=	0.02

Morita Holdings (GREY:MRTAF) 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.

Morita Holdings Debt-to-Equity Related Terms

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Morita Holdings (Morita Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morita Holdings Corp (GREY:MRTAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6455:Japan

Address

Doshumachi 3-6-1, Keihanshin Midosuji Building 12th Floor, Chuo-ku, Osaka, JPN, 541-0045

Website

http://www.morita119.com

Morita Holdings Corp and its subsidiaries are in the business of manufacturing and selling fire trucks, fire extinguishers and equipment, recycling machines, environmental conservation vehicles and support wear and also manufacturing and sales of electronic applied machinery and information processing machinery, fabrication repair and sales of specialized vehicles.

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