Tokyo Plast International (NSE:TOKYOPLAST) Debt-to-Equity : N/A (As of Dec. 2023)

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What is Tokyo Plast International Debt-to-Equity?

Tokyo Plast International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Tokyo Plast International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Tokyo Plast International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₹0.0 Mil.

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 Tokyo Plast International's Debt-to-Equity or its related term are showing as below:

NSE:TOKYOPLAST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.3 Max: 0.51
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Tokyo Plast International was 0.51. The lowest was 0.16. And the median was 0.30.

NSE:TOKYOPLAST's Debt-to-Equity is ranked better than
71.76% of 340 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs NSE:TOKYOPLAST: 0.20

Tokyo Plast International Debt-to-Equity Historical Data

The historical data trend for Tokyo Plast International'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.

Tokyo Plast International Debt-to-Equity Chart

Tokyo Plast International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.34

0.22

0.28

0.32

0.25

Tokyo Plast International 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															N/A	0.25	N/A	0.20	N/A

Competitive Comparison of Tokyo Plast International's Debt-to-Equity

For the Packaging & Containers subindustry, Tokyo Plast International'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.

Tokyo Plast International's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tokyo Plast International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokyo Plast International's Debt-to-Equity falls into.

Tokyo Plast International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyo Plast International'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
	=	(115.678	+	30.386)	/	588.836
	=	0.25

Tokyo Plast International'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
	=	(0	+	0)	/	0
	=	N/A

Tokyo Plast International (NSE:TOKYOPLAST) 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.

Tokyo Plast International Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Tokyo Plast International's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Tokyo Plast International (NSE:TOKYOPLAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tokyo Plast International Ltd (NSE:TOKYOPLAST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

500418:India

Address

Andheri Kurla Road Near J.B.Nagar, 601-A, Dynasty Business Park, Andheri East, Mumbai, MH, IND, 400059

Website

https://www.tokyoplastint.in

Tokyo Plast International Ltd is engaged in the manufacture of plastic thermoware products, thermo food containers, and coolers in India. The company manufactures, exports, and supplies a variety of insulated utility containers. Its product includes an Insulated water jug, Ice cooler chest, Outdoor Ice Box, and Hot food containers. It derives key revenue from export sales.

Tokyo Plast International (NSE:TOKYOPLAST) Headlines

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