Meitongyo Co (TSE:2207) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Meitongyo Co Debt-to-Equity?

Meitongyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,815 Mil. Meitongyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,270 Mil. Meitongyo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円48,962 Mil. Meitongyo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

TSE:2207' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.22 Max: 0.33
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Meitongyo Co was 0.33. The lowest was 0.01. And the median was 0.22.

TSE:2207's Debt-to-Equity is ranked better than
64.81% of 1648 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TSE:2207: 0.23

Meitongyo Co Debt-to-Equity Historical Data

The historical data trend for Meitongyo 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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Meitongyo Co Debt-to-Equity Chart

Meitongyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.27

0.26

0.24

Meitongyo 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															0.24	0.24	0.22	0.21	0.23

Competitive Comparison of Meitongyo Co's Debt-to-Equity

For the Confectioners subindustry, Meitongyo 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.

Meitongyo Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Meitongyo Co's Debt-to-Equity distribution charts can be found below:

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

Meitongyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Meitongyo Co'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
	=	(865	+	9844)	/	44636
	=	0.24

Meitongyo 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
	=	(1815	+	9270)	/	48962
	=	0.23

Meitongyo Co (TSE:2207) 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.

Meitongyo Co Debt-to-Equity Related Terms

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Meitongyo Co (TSE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meito Sangyo Co Ltd (TSE:2207) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 41-chome, Nagoya, Sasazuka, Aichi Prefecture, JPN, 451-8520

Website

http://www.meito-sangyo.co.jp

Meito Sangyo Co Ltd is a Japanese based company operates in a wide range of business. The company is primarily involved in the manufacture and sale of confectionery, beverages, seasoning foods, food additives and other foods. In addition, it is also involved in the manufacture and sale of pharmaceuticals, quasi-drugs, medical devices, veterinary medicines, cosmetics, and other chemical products. Further, it also involved in the construction and management of golf course activity. Geographically, business activities of the group are functioned through the region of Japan.

Meitongyo Co (TSE:2207) Headlines

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