Tamron Co (Tamron Co) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Tamron Co Debt-to-Equity?

Tamron Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.4 Mil. Tamron Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.5 Mil. Tamron Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $491.3 Mil. Tamron Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TMRNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.09
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Tamron Co was 0.09. The lowest was 0.03. And the median was 0.05.

TMRNF's Debt-to-Equity is ranked better than
92.77% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs TMRNF: 0.03

Tamron Co Debt-to-Equity Historical Data

The historical data trend for Tamron 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.

Tamron Co Debt-to-Equity Chart

Tamron Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.04

0.03

Tamron Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	N/A

Competitive Comparison of Tamron Co's Debt-to-Equity

For the Leisure subindustry, Tamron 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.

Tamron Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tamron Co's Debt-to-Equity distribution charts can be found below:

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

Tamron Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tamron Co's Debt to Equity Ratio for the fiscal year 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
	=	(12.356	+	0.486)	/	491.258
	=	0.03

Tamron 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
	=	(12.356	+	0.486)	/	491.258
	=	0.03

Tamron Co (OTCPK:TMRNF) 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.

Tamron Co Debt-to-Equity Related Terms

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Tamron Co (Tamron Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tamron Co Ltd (OTCPK:TMRNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7740:Japan

Address

1385 Hasunuma, Minuma-ku, Saitama, JPN, 337-8556

Website

http://www.tamron.com

Tamron Co Ltd is a Japanese manufacturer of optical and photographic lenses. The company organises itself into three segments: photographic products, optical components, and commercial/industrial-use optics. The photographic products segment, which contributes most company revenue, produces interchangeable lenses for SLR cameras. The optical components segment includes mobile phone, camcorder, and digital camera lenses. The commercial/industrial-use optics segment, the second largest contributor to revenue, produces lenses for CCTV cameras and automotive cameras. The company's most significant geographical segment is Asia (ex. Japan), followed by sales made in Japan, in Europe, and in North America.

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