THK Co (TSE:6481) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is THK Co Debt-to-Equity?

THK Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円13,123 Mil. THK Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円95,639 Mil. THK Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円357,264 Mil. THK Co'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 THK Co's Debt-to-Equity or its related term are showing as below:

TSE:6481' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.33 Max: 0.39
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of THK Co was 0.39. The lowest was 0.24. And the median was 0.33.

TSE:6481's Debt-to-Equity is ranked worse than
51.2% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:6481: 0.30

THK Co Debt-to-Equity Historical Data

The historical data trend for THK 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.

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THK Co Debt-to-Equity Chart

THK Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.39

0.33

0.36

0.30

THK Co 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															0.36	0.32	0.30	0.27	0.30

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

For the Specialty Industrial Machinery subindustry, THK 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.

THK Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, THK Co's Debt-to-Equity distribution charts can be found below:

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

THK Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

THK 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
	=	(13123	+	95639)	/	357264
	=	0.30

THK 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
	=	(13123	+	95639)	/	357264
	=	0.30

THK Co (TSE:6481) 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.

THK Co Debt-to-Equity Related Terms

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THK Co (TSE:6481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » THK Co Ltd (TSE:6481) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

THKLY:USA 1TK:Germany

Address

3-11-6, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8503

Website

http://www.thk.com

THK Co Ltd is a Japan-based company that primarily manufactures machinery parts, including linear motion guides and ball screws, and transportation-equipment-related parts. The company operates through two segments. The industrial machinery segment provides products that are essential components in the production of machine tools and semiconductor production equipment. This segment also manufactures and sells electric actuators and unit products. The automotive and transportation segment develops and provides automotive components that support vehicles' basic functions. The company generates the majority of its revenue from the Japanese domestic market.

THK Co (TSE:6481) Headlines

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