TMS Co (TSE:4891) Debt-to-Equity : 0.00 (As of Nov. 2023)

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What is TMS Co Debt-to-Equity?

TMS Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円0.00 Mil. TMS Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円0.00 Mil. TMS Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円3,160.07 Mil. TMS Co's debt to equity for the quarter that ended in Nov. 2023 was 0.00.

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

TSE:4891's Debt-to-Equity is not ranked ^*
in the Biotechnology industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

TMS Co Debt-to-Equity Historical Data

The historical data trend for TMS 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.

TMS Co Debt-to-Equity Chart

TMS Co Annual Data

Trend

Feb21

Feb22

Feb23

Debt-to-Equity

TMS Co Quarterly Data
	Feb21	Feb22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-

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

For the Biotechnology subindustry, TMS 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.

TMS Co's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, TMS Co's Debt-to-Equity distribution charts can be found below:

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

TMS Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TMS Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(0	+	0)	/	3714.053
	=	0.00

TMS Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0	+	0)	/	3160.067
	=	0.00

TMS Co (TSE:4891) 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.

TMS Co Debt-to-Equity Related Terms

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TMS Co (TSE:4891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » TMS Co Ltd (TSE:4891) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9 Fuchu-cho, Fuchu-shi, Keio Fuchu 1-chome building 11th floor, Tokyo, JPN, 183-0055

Website

https://www.tms-japan.co.jp

TMS Co Ltd is engaged in the research and development of pharmaceuticals, quasi-drugs, pharmaceutical raw materials, medical equipment and medical consumables.

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