TOWA Pharmaceutical Co (TSE:4553) Debt-to-Equity : 1.32 (As of Dec. 2023)

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What is TOWA Pharmaceutical Co Debt-to-Equity?

TOWA Pharmaceutical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円12,563 Mil. TOWA Pharmaceutical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円183,611 Mil. TOWA Pharmaceutical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円148,818 Mil. TOWA Pharmaceutical Co's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

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

TSE:4553' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.76 Max: 1.32
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of TOWA Pharmaceutical Co was 1.32. The lowest was 0.31. And the median was 0.76.

TSE:4553's Debt-to-Equity is ranked worse than
90.93% of 849 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs TSE:4553: 1.32

TOWA Pharmaceutical Co Debt-to-Equity Historical Data

The historical data trend for TOWA Pharmaceutical 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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TOWA Pharmaceutical Co Debt-to-Equity Chart

TOWA Pharmaceutical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.72

0.76

0.71

1.07

1.18

TOWA Pharmaceutical 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															1.06	1.18	1.26	1.26	1.32

Competitive Comparison of TOWA Pharmaceutical Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, TOWA Pharmaceutical 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.

TOWA Pharmaceutical Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TOWA Pharmaceutical Co's Debt-to-Equity distribution charts can be found below:

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

TOWA Pharmaceutical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TOWA Pharmaceutical 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
	=	(11204	+	150314)	/	136893
	=	1.18

TOWA Pharmaceutical 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
	=	(12563	+	183611)	/	148818
	=	1.32

TOWA Pharmaceutical Co (TSE:4553) 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.

TOWA Pharmaceutical Co Debt-to-Equity Related Terms

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TOWA Pharmaceutical Co (TSE:4553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TOWA Pharmaceutical Co Ltd (TSE:4553) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-11, Shinbashi-cho, Kadoma, Osaka, JPN, 571-8580

Website

http://www.towayakuhin.co.jp

TOWA Pharmaceutical Co Ltd is a Japan based pharmaceutical company engaged in research and development, production, and marketing of generic drugs. It also provides drug consulting services for patients and their families and relatives. It organizes academic seminars for medical professionals and posts articles in journals. It participates in training for pharmacists. The company has three main plants in operation namely Osaka plant, Okayama plant, and Yamagata plant. Towa has offers more than 500 drugs to meet the diverse therapeutic requirements including lifestyle related diseases such as hypertension and diabetes, digestive system diseases, nervous system diseases and allergic diseases, vitamins and antibiotics.

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