Tsukishima Holdings Co (TSE:6332) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Tsukishima Holdings Co Debt-to-Equity?

Tsukishima Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,546 Mil. Tsukishima Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円20,838 Mil. Tsukishima Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円84,164 Mil. Tsukishima Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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

TSE:6332' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 0.43
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Tsukishima Holdings Co was 0.43. The lowest was 0.06. And the median was 0.20.

TSE:6332's Debt-to-Equity is ranked worse than
55.97% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6332: 0.36

Tsukishima Holdings Co Debt-to-Equity Historical Data

The historical data trend for Tsukishima Holdings 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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Tsukishima Holdings Co Debt-to-Equity Chart

Tsukishima Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.21

0.39

0.35

0.24

Tsukishima Holdings 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															0.22	0.24	0.21	0.20	0.36

Competitive Comparison of Tsukishima Holdings Co's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Tsukishima Holdings 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.

Tsukishima Holdings Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Tsukishima Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsukishima Holdings 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
	=	(3379	+	15710)	/	81178
	=	0.24

Tsukishima Holdings 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
	=	(9546	+	20838)	/	84164
	=	0.36

Tsukishima Holdings Co (TSE:6332) 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.

Tsukishima Holdings Co Debt-to-Equity Related Terms

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Tsukishima Holdings Co (TSE:6332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsukishima Holdings Co Ltd (TSE:6332) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-1, Harumi, Chuo-ku, Tokyo, JPN

Website

http://www.tsk-g.co.jp

Tsukishima Holdings Co Ltd is involved in environmental-related businesses operating in three segments Water Environment, Industrial, and Others. The Water Environment segment designs and constructs sludge disposal treatment plants for water filter and sewage treatment plants; singular machineries, as well as the operates, maintains, manages and repair water filters and sewage treatment plants. The Industrial segment is engaged in the design and construction of plants for chemicals, steel, foods, liquid waste disposal and solid waste disposal; the design, manufacture, and sale of crystallizers, filters, dryers, separators and gas holders, and the design and manufacture of vacuum technology applied devices, among others.

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