Furukawa Electric Co (Furukawa Electric Co) Debt-to-Equity : 1.17 (As of Dec. 2023)

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What is Furukawa Electric Co Debt-to-Equity?

Furukawa Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,321 Mil. Furukawa Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,130 Mil. Furukawa Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,097 Mil. Furukawa Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 1.17.

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

FUWAY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.99 Med: 1.21 Max: 1.7
Current: 1.17

During the past 13 years, the highest Debt-to-Equity Ratio of Furukawa Electric Co was 1.70. The lowest was 0.99. And the median was 1.21.

FUWAY's Debt-to-Equity is ranked worse than
89.96% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs FUWAY: 1.17

Furukawa Electric Co Debt-to-Equity Historical Data

The historical data trend for Furukawa Electric 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.

Furukawa Electric Co Debt-to-Equity Chart

Furukawa Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.99

1.05

1.12

1.23

1.07

Furukawa Electric 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															1.17	1.07	1.12	1.12	1.17

Competitive Comparison of Furukawa Electric Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Furukawa Electric 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.

Furukawa Electric Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Furukawa Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Furukawa Electric 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
	=	(1266.464	+	1156.232)	/	2270.958
	=	1.07

Furukawa Electric 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
	=	(1320.656	+	1130.402)	/	2096.776
	=	1.17

Furukawa Electric Co (OTCPK:FUWAY) 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.

Furukawa Electric Co Debt-to-Equity Related Terms

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Furukawa Electric Co (Furukawa Electric Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furukawa Electric Co Ltd (OTCPK:FUWAY) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

FUWAF:USA 5801:Japan FKA:Germany

Address

Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, JPN, 100-8322

Website

http://www.furukawa.co.jp

Furukawa Electric Co Ltd offers products related to various industries and technologies. It provides products such as optical fiber cables, indoor conduits, ultra-battery, triple insulated wires, water feeding piping systems and industrial lasers. The company's segments are Telecommunications, Energy and Industrial products, Electronics and Automotive Systems, Metals, Light Metals, Services, and Others. It derives the majority of its revenues from electronics and automotive systems segment. The company operates in Japan, South-East Asia, Korea, Taiwan, India, China and North America.

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