Hitachi Metals (TSE:5486) Debt-to-Equity : 0.32 (As of Sep. 2022)

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What is Hitachi Metals Debt-to-Equity?

Hitachi Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was 円122,262 Mil. Hitachi Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was 円67,042 Mil. Hitachi Metals's Total Stockholders Equity for the quarter that ended in Sep. 2022 was 円590,693 Mil. Hitachi Metals's debt to equity for the quarter that ended in Sep. 2022 was 0.32.

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 Hitachi Metals's Debt-to-Equity or its related term are showing as below:

TSE:5486' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.41 Max: 0.67
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Hitachi Metals was 0.67. The lowest was 0.29. And the median was 0.41.

TSE:5486's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.41 vs TSE:5486: 0.32

Hitachi Metals Debt-to-Equity Historical Data

The historical data trend for Hitachi Metals'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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Hitachi Metals Debt-to-Equity Chart

Hitachi Metals Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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0.29

0.34

0.36

0.40

0.37

Hitachi Metals Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.40	0.40	0.37	0.38	0.32

Competitive Comparison of Hitachi Metals's Debt-to-Equity

For the Steel subindustry, Hitachi Metals'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.

Hitachi Metals's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hitachi Metals's Debt-to-Equity distribution charts can be found below:

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

Hitachi Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hitachi Metals's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(122223	+	74686)	/	527563
	=	0.37

Hitachi Metals's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(122262	+	67042)	/	590693
	=	0.32

Hitachi Metals (TSE:5486) 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.

Hitachi Metals Debt-to-Equity Related Terms

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Hitachi Metals (TSE:5486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hitachi Metals Ltd (TSE:5486) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinagawa Season Terrace, 2-70, Konan 1-chome, Minato-ku, Tokyo, JPN, 108-8224

Website

http://www.hitachi-metals.co.jp

Hitachi Metals Ltd is a Japan-based company that operates through four segments. The High-Grade Metal Products and Materials segment produces specialty steel, rolls, amorphous metals and cutting tools. The Magnetic Materials and Applications segment produces magnets, soft ferrite, other soft magnetic materials and others. The High-Grade Functional Components and Equipment segment produces casting components, piping components and construction components. The Wires, Cables and Related Products segment produces electric wires and cables, automotive products and information systems. Infrastructure, automobiles and electronics are the target sectors of the company's products. Japan, Europe, Asia and North America are the biggest markets for Hitachi Metals.

Hitachi Metals (TSE:5486) Headlines

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