Mitsubishi Heavy Industries (TSE:7011) Debt-to-Equity

: 0.86 (As of Dec. 2023)

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Mitsubishi Heavy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円845,597 Mil. Mitsubishi Heavy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円797,753 Mil. Mitsubishi Heavy Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,918,055 Mil. Mitsubishi Heavy Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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 Mitsubishi Heavy Industries's Debt-to-Equity or its related term are showing as below:

TSE:7011' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.55 Med: 0.8 Max: 1.48
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsubishi Heavy Industries was 1.48. The lowest was 0.55. And the median was 0.80.

TSE:7011's Debt-to-Equity is ranked worse than
83.61% of 2618 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:7011: 0.86

Mitsubishi Heavy Industries Debt-to-Equity Historical Data

The historical data trend for Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.78

1.13

0.91

0.68

0.69

Mitsubishi Heavy Industries 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																0.87	0.69	0.72	0.71	0.86

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries Debt-to-Equity Distribution

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

* The bar in red indicates where Mitsubishi Heavy Industries's Debt-to-Equity falls into.

Mitsubishi Heavy Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsubishi Heavy Industries'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
	=	(349075	+	843359)	/	1740974
	=	0.68

Mitsubishi Heavy Industries'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
	=	(845597	+	797753)	/	1918055
	=	0.86

Mitsubishi Heavy Industries (TSE:7011) 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.

Mitsubishi Heavy Industries Debt-to-Equity Related Terms

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Mitsubishi Heavy Industries (TSE:7011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Heavy Industries Ltd (TSE:7011) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MHVYF:USA MIH:Germany

Address

2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332

Website

https://www.mhi.com

Mitsubishi Heavy Industries Ltd is engaged in the manufacturing and sale of ships, industrial machinery, and aircraft. The segments of the company are Energy, Plants and Infrastructure Systems, Logistics, Thermal and Drive Systems, and Aircraft, Defense, and Space. The company earns maximum revenue from the energy segment which handles clean gas, steam power systems, nuclear power systems, compressors, and marine machinery. The Plants and Infrastructure Systems segment of the company deals with commercial ships, engineering, machine tools, and machinery systems; Logistics, Thermal, and Drive Systems provide material handling systems, engines, HVAC systems, and automotive air-conditioners; and the Aircraft, Defense, and Space cover commercial aircraft, defense aircraft, and others.

Mitsubishi Heavy Industries (TSE:7011) Headlines

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