Daito Trust Construction Co (Daito Trust Construction Co) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Daito Trust Construction Co Debt-to-Equity?

Daito Trust Construction Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $78 Mil. Daito Trust Construction Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $493 Mil. Daito Trust Construction Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,681 Mil. Daito Trust Construction Co's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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

DIFTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.28 Max: 0.45
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Daito Trust Construction Co was 0.45. The lowest was 0.15. And the median was 0.28.

DIFTY's Debt-to-Equity is ranked better than
77.84% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs DIFTY: 0.21

Daito Trust Construction Co Debt-to-Equity Historical Data

The historical data trend for Daito Trust Construction 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.

Daito Trust Construction Co Debt-to-Equity Chart

Daito Trust Construction Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.30

0.32

0.26

0.23

Daito Trust Construction 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	0.23	0.22	0.20	0.21

Competitive Comparison of Daito Trust Construction Co's Debt-to-Equity

For the Real Estate - Diversified subindustry, Daito Trust Construction 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.

Daito Trust Construction Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Debt-to-Equity distribution charts can be found below:

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

Daito Trust Construction Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daito Trust Construction 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
	=	(96.84	+	590.502)	/	3004.003
	=	0.23

Daito Trust Construction 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
	=	(78.031	+	492.841)	/	2681.011
	=	0.21

Daito Trust Construction Co (OTCPK:DIFTY) 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.

Daito Trust Construction Co Debt-to-Equity Related Terms

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Daito Trust Construction Co (Daito Trust Construction Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Daito Trust Construction Co Ltd (OTCPK:DIFTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1878:Japan 1878:Japan 4D7:Germany

Address

2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211

Website

http://www.kentaku.co.jp

Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

Daito Trust Construction Co (Daito Trust Construction Co) Headlines

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