Sinko Industries (TSE:6458) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Sinko Industries Debt-to-Equity?

Sinko Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,133 Mil. Sinko Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,690 Mil. Sinko Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円57,500 Mil. Sinko Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Sinko Industries's Debt-to-Equity or its related term are showing as below:

TSE:6458' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.27
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Sinko Industries was 0.27. The lowest was 0.04. And the median was 0.08.

TSE:6458's Debt-to-Equity is ranked better than
88.9% of 1513 companies
in the Construction industry
Industry Median: 0.44 vs TSE:6458: 0.05

Sinko Industries Debt-to-Equity Historical Data

The historical data trend for Sinko Industries'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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Sinko Industries Debt-to-Equity Chart

Sinko Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.06

0.04

0.08

0.07

0.06

Sinko Industries 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															0.07	0.06	0.07	0.06	0.05

Competitive Comparison of Sinko Industries's Debt-to-Equity

For the Building Products & Equipment subindustry, Sinko Industries'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.

Sinko Industries's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sinko Industries's Debt-to-Equity distribution charts can be found below:

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

Sinko Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sinko Industries'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
	=	(1137	+	1995)	/	55156
	=	0.06

Sinko Industries'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
	=	(1133	+	1690)	/	57500
	=	0.05

Sinko Industries (TSE:6458) 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.

Sinko Industries Debt-to-Equity Related Terms

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Sinko Industries (TSE:6458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinko Industries Ltd (TSE:6458) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4-5 Minamimori-machi, Kita-ku, Osaka, JPN, 5300054

Website

https://www.sinko.co.jp

Sinko Industries Ltd manufactures and sells air-conditioning equipment. Its product offerings include heat pump air conditioner, fan coil unit (FCU), unit heater, air terminal unit, air clinic, among others. Sinko goods can be applied in hospital, office, factory, warehouse, hotel, data center, airports, commercial facilities and government buildings. The company has the global market presence and sells its products in Japan and overseas markets including Australia, Bangladesh, Bahrain, India, Indonesia, Kuwait, Singapore, Thailand, United Arab Emirates and Vietnam.

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