Toray Industries (Toray Industries) Debt-to-Equity : 0.60 (As of Dec. 2023)

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What is Toray Industries Debt-to-Equity?

Toray Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,058 Mil. Toray Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,874 Mil. Toray Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,501 Mil. Toray Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.60.

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

TRYIY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.75 Max: 0.93
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of Toray Industries was 0.93. The lowest was 0.58. And the median was 0.75.

TRYIY's Debt-to-Equity is ranked worse than
59.49% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TRYIY: 0.60

Toray Industries Debt-to-Equity Historical Data

The historical data trend for Toray 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.

* Premium members only.

Toray Industries Debt-to-Equity Chart

Toray Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.93

0.89

0.79

0.67

0.62

Toray 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															0.68	0.62	0.59	0.58	0.60

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

For the Textile Manufacturing subindustry, Toray 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.

Toray Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's Debt-to-Equity distribution charts can be found below:

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

Toray Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toray 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
	=	(2895.425	+	4212.628)	/	11484.203
	=	0.62

Toray 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
	=	(3058.011	+	3874.185)	/	11500.734
	=	0.60

Toray Industries (OTCPK:TRYIY) 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.

Toray Industries Debt-to-Equity Related Terms

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Toray Industries (Toray Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Industries Inc (OTCPK:TRYIY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRYIF:USA 3402:Japan TOR1:Germany

Address

Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, JPN, 103-8666

Website

http://www.toray.co.jp

Toray Industries Inc is a Japan-based company that is primarily engaged in the integrated chemical industry to produce apparel and industrial materials. The company's businesses consist of Fibers & Textiles, Plastics & Chemicals, IT-related Products, Carbon Fiber Composite Materials, Environment & Engineering, and Life Science. The Fibers & Textiles business and Plastics & Chemicals business are the company's core growth drivers, and they jointly contribute around two thirds of the company's revenue. The company has business presence in Japan, China, other Asian areas, Europe, North America, and other areas, with the whole Asia market accounting for majority of the company's total revenue.