Shibaura Machine Co (TSE:6104) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Shibaura Machine Co Debt-to-Equity?

Shibaura Machine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,131 Mil. Shibaura Machine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Shibaura Machine Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円103,947 Mil. Shibaura Machine Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

TSE:6104' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.18 Max: 0.2
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Shibaura Machine Co was 0.20. The lowest was 0.11. And the median was 0.18.

TSE:6104's Debt-to-Equity is ranked better than
73.15% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6104: 0.11

Shibaura Machine Co Debt-to-Equity Historical Data

The historical data trend for Shibaura Machine 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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Shibaura Machine Co Debt-to-Equity Chart

Shibaura Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.17

0.18

0.17

0.16

Shibaura Machine 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															0.17	0.16	0.12	0.11	0.11

Competitive Comparison of Shibaura Machine Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shibaura Machine 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.

Shibaura Machine Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shibaura Machine Co's Debt-to-Equity distribution charts can be found below:

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

Shibaura Machine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shibaura Machine 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
	=	(14011	+	0)	/	89117
	=	0.16

Shibaura Machine 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
	=	(11131	+	0)	/	103947
	=	0.11

Shibaura Machine Co (TSE:6104) 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.

Shibaura Machine Co Debt-to-Equity Related Terms

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Shibaura Machine Co (TSE:6104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibaura Machine Co Ltd (TSE:6104) » Definitions » Debt-to-Equity

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TOA:Germany

Address

2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510

Website

http://www.toshiba-machine.co.jp

Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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