Japan Tobacco (TSE:2914) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Japan Tobacco Debt-to-Equity?

Japan Tobacco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円233,333 Mil. Japan Tobacco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円908,926 Mil. Japan Tobacco's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円3,830,156 Mil. Japan Tobacco's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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 Japan Tobacco's Debt-to-Equity or its related term are showing as below:

TSE:2914' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.28 Max: 0.38
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Japan Tobacco was 0.38. The lowest was 0.10. And the median was 0.28.

TSE:2914's Debt-to-Equity is ranked worse than
51.35% of 37 companies
in the Tobacco Products industry
Industry Median: 0.3 vs TSE:2914: 0.30

Japan Tobacco Debt-to-Equity Historical Data

The historical data trend for Japan Tobacco'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.

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Japan Tobacco Debt-to-Equity Chart

Japan Tobacco Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.38

0.33

0.27

0.30

Japan Tobacco 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															0.27	0.28	0.28	0.26	0.30

Competitive Comparison of Japan Tobacco's Debt-to-Equity

For the Tobacco subindustry, Japan Tobacco'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.

Japan Tobacco's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Debt-to-Equity distribution charts can be found below:

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

Japan Tobacco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Tobacco'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
	=	(233333	+	908926)	/	3830156
	=	0.30

Japan Tobacco'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
	=	(233333	+	908926)	/	3830156
	=	0.30

Japan Tobacco (TSE:2914) 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.

Japan Tobacco Debt-to-Equity Related Terms

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

Japan Tobacco (TSE:2914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Japan Tobacco Inc (TSE:2914) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JAPAY:USA JAPAF:USA JAT:Germany

Address

2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422

Website

http://www.jt.com

Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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