Taiho Transportation (NGO:9040) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Taiho Transportation Debt-to-Equity?

Taiho Transportation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円181 Mil. Taiho Transportation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,935 Mil. Taiho Transportation's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円6,376 Mil. Taiho Transportation's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Taiho Transportation's Debt-to-Equity or its related term are showing as below:

NGO:9040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.22 Max: 0.47
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Taiho Transportation was 0.47. The lowest was 0.02. And the median was 0.22.

NGO:9040's Debt-to-Equity is ranked better than
65.23% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs NGO:9040: 0.33

Taiho Transportation Debt-to-Equity Historical Data

The historical data trend for Taiho Transportation'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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Taiho Transportation Debt-to-Equity Chart

Taiho Transportation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.21

0.47

0.43

0.39

0.36

Taiho Transportation 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															0.37	0.36	0.35	0.34	0.33

Competitive Comparison of Taiho Transportation's Debt-to-Equity

For the Trucking subindustry, Taiho Transportation'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.

Taiho Transportation's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiho Transportation's Debt-to-Equity distribution charts can be found below:

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

Taiho Transportation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taiho Transportation's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(180.54	+	2070.227)	/	6282.158
	=	0.36

Taiho Transportation'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
	=	(180.54	+	1934.822)	/	6375.513
	=	0.33

Taiho Transportation (NGO:9040) 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.

Taiho Transportation Debt-to-Equity Related Terms

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

Taiho Transportation (NGO:9040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiho Transportation (NGO:9040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 - 3, 17 Kanayama Naka-ku, Nagoya, JPN, 460-0022

Website

http://www.taiho-gh.com

Taiho Transportation is a Japanese company engaged in the general cargo transportation business. It provides general freight handling, automobile maintenance, buying and selling of new and used vehicles, used vehicle parts insurance agency and various vehicle leasing services. The company is also engaged in the general worker and specified worker dispatching business.

Taiho Transportation (NGO:9040) Headlines

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