Central Japan Railway Co (TSE:9022) Debt-to-Equity

: 1.07 (As of Dec. 2023)

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Central Japan Railway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円159,494 Mil. Central Japan Railway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,208,221 Mil. Central Japan Railway Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円4,067,887 Mil. Central Japan Railway Co's debt to equity for the quarter that ended in Dec. 2023 was 1.07.

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

TSE:9022' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53 Med: 1.17 Max: 1.52
Current: 1.07

During the past 13 years, the highest Debt-to-Equity Ratio of Central Japan Railway Co was 1.52. The lowest was 0.53. And the median was 1.17.

TSE:9022's Debt-to-Equity is ranked worse than
71.98% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs TSE:9022: 1.07

Central Japan Railway Co Debt-to-Equity Historical Data

The historical data trend for Central Japan Railway 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.

* Premium members only.

Central Japan Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.25

1.13

1.22

1.25

1.19

Central Japan Railway 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															1.20	1.19	1.16	1.10	1.07

Competitive Comparison

For the Railroads subindustry, Central Japan Railway 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.

Central Japan Railway Co Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, Central Japan Railway Co's Debt-to-Equity distribution charts can be found below:

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

Central Japan Railway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Central Japan Railway 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
	=	(214035	+	4243191)	/	3759254
	=	1.19

Central Japan Railway 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
	=	(159494	+	4208221)	/	4067887
	=	1.07

Central Japan Railway Co (TSE:9022) 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.

Central Japan Railway Co Debt-to-Equity Related Terms

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Central Japan Railway Co (TSE:9022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Central Japan Railway Co (TSE:9022) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CJPRY:USA CJPRF:USA JAP:Germany

Address

JR Central Towers, Meieki 1-1-4, Nakamura-ku, Aichi, Nagoya, JPN, 450-6101

Website

http://jr-central.co.jp

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.

Central Japan Railway Co (TSE:9022) Headlines

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