Toyota Industries (Toyota Industries) Debt-to-Equity

: 0.36 (As of Dec. 2023)

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Toyota Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,146 Mil. Toyota Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,027 Mil. Toyota Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $33,466 Mil. Toyota Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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

TYIDY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.45 Max: 0.55
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Toyota Industries was 0.55. The lowest was 0.32. And the median was 0.45.

TYIDY's Debt-to-Equity is ranked better than
54.26% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.4 vs TYIDY: 0.36

Toyota Industries Debt-to-Equity Historical Data

The historical data trend for Toyota 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.

Toyota Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.52

0.55

0.42

0.35

0.44

Toyota 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															0.46	0.44	0.40	0.36	0.36

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Toyota 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.

Toyota Industries Debt-to-Equity Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Debt-to-Equity distribution charts can be found below:

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

Toyota Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyota 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
	=	(3888.465	+	8823.523)	/	28709.356
	=	0.44

Toyota 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
	=	(3146.328	+	9027.347)	/	33465.64
	=	0.36

Toyota Industries (OTCPK:TYIDY) 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.

Toyota Industries Debt-to-Equity Related Terms

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

Toyota Industries (Toyota Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Toyota Industries Corp (OTCPK:TYIDY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TYIDF:USA 6201:Japan TAH:Germany

Address

2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671

Website

https://www.toyota-industries.com

Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (Toyota Industries) Headlines

From GuruFocus

Toyota Industries Leads in High-Tech Automotive and Forklifts

By Holmes Osborne, CFA Holmes Osborne, CFA • 05-09-2017