Stanley Electric Co (TSE:6923) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Stanley Electric Co Debt-to-Equity?

Stanley Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,422 Mil. Stanley Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,799 Mil. Stanley Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円492,846 Mil. Stanley Electric 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 Stanley Electric Co's Debt-to-Equity or its related term are showing as below:

TSE:6923' 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 Stanley Electric Co was 0.09. The lowest was 0.03. And the median was 0.05.

TSE:6923's Debt-to-Equity is ranked better than
95.06% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:6923: 0.03

Stanley Electric Co Debt-to-Equity Historical Data

The historical data trend for Stanley Electric 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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Stanley Electric Co Debt-to-Equity Chart

Stanley Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.04

0.03

Stanley Electric 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															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Stanley Electric Co's Debt-to-Equity

For the Auto Parts subindustry, Stanley Electric 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.

Stanley Electric Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Stanley Electric Co's Debt-to-Equity distribution charts can be found below:

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

Stanley Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stanley Electric Co'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
	=	(1348	+	12820)	/	476641
	=	0.03

Stanley Electric 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
	=	(11422	+	2799)	/	492846
	=	0.03

Stanley Electric Co (TSE:6923) 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.

Stanley Electric Co Debt-to-Equity Related Terms

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Stanley Electric Co (TSE:6923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Stanley Electric Co Ltd (TSE:6923) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STAA:Germany

Address

2-9-13 Nakameguro, Meguro-ku, Tokyo, JPN, 153-8636

Website

http://www.stanley.co.jp

Stanley Electric Co Ltd makes LED lighting products and operates under three business segments: automotive equipment, electronic components, and applied electronic products. In its automotive equipment business, Stanley Electric produces and sells LED and HID headlamps, rear combination lamps, fog lamps, and automotive and LED bulbs. This business segment generates the lion's share of sales. In its other segments, Stanley Electric makes LEDs, infrared LED lamps, optical sensors, LCDs, subminiature lamps, backlight units for LCDs, flash units for cameras, and operation panels. The largest end markets include Japan, China and Asia-Pacific, and the Americas.

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