Toyoda Gosei Co (Toyoda Gosei Co) Debt-to-Equity : 0.27 (As of Mar. 2024)

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What is Toyoda Gosei Co Debt-to-Equity?

Toyoda Gosei Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $260 Mil. Toyoda Gosei Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $664 Mil. Toyoda Gosei Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,486 Mil. Toyoda Gosei Co's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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

TGOSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.34 Max: 0.43
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Toyoda Gosei Co was 0.43. The lowest was 0.22. And the median was 0.34.

TGOSY's Debt-to-Equity is ranked better than
65.48% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TGOSY: 0.27

Toyoda Gosei Co Debt-to-Equity Historical Data

The historical data trend for Toyoda Gosei 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.

Toyoda Gosei Co Debt-to-Equity Chart

Toyoda Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.43

0.39

0.41

0.36

0.27

Toyoda Gosei 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															0.36	0.33	0.31	0.28	0.27

Competitive Comparison of Toyoda Gosei Co's Debt-to-Equity

For the Auto Parts subindustry, Toyoda Gosei 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.

Toyoda Gosei Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyoda Gosei Co's Debt-to-Equity distribution charts can be found below:

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

Toyoda Gosei Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyoda Gosei 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
	=	(259.894	+	663.743)	/	3486.463
	=	0.26

Toyoda Gosei Co'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
	=	(259.894	+	663.743)	/	3486.463
	=	0.26

Toyoda Gosei Co (OTCPK:TGOSY) 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.

Toyoda Gosei Co Debt-to-Equity Related Terms

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Toyoda Gosei Co (Toyoda Gosei Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyoda Gosei Co Ltd (OTCPK:TGOSY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TGOSF:USA 7282:Japan 11T:Germany

Address

1 Haruhinagahata, Aichi, Kiyosu, JPN, 452-8564

Website

http://www.toyoda-gosei.co.jp

Toyoda Gosei Co Ltd is a manufacturer of resins and rubber parts for automobiles. The company's products fall in three categories: automotive parts, LEDs, and general industry products. The automotive parts segment, making up the lion's share of Toyoda Gosei's generated revenue, produces weather strips, fuel tank and engine peripheral parts, chassis and drivetrain parts, interior and exterior parts, and safety systems such as airbags. In its other business segments, the company produces LEDs for crystal displays, LED light solutions and glass-encapsulated LEDs, air conditioning products, home construction components, and industrial and construction machinery parts.

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