Hikari Tsushin (TSE:9435) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is Hikari Tsushin Debt-to-Equity?

Hikari Tsushin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円179,241 Mil. Hikari Tsushin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円623,678 Mil. Hikari Tsushin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円682,747 Mil. Hikari Tsushin's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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 Hikari Tsushin's Debt-to-Equity or its related term are showing as below:

TSE:9435' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 1.19 Max: 1.4
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Hikari Tsushin was 1.40. The lowest was 0.39. And the median was 1.19.

TSE:9435's Debt-to-Equity is ranked worse than
73.31% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs TSE:9435: 1.18

Hikari Tsushin Debt-to-Equity Historical Data

The historical data trend for Hikari Tsushin'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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Hikari Tsushin Debt-to-Equity Chart

Hikari Tsushin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.24

1.40

1.31

1.26

Hikari Tsushin 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															1.33	1.26	1.22	1.13	1.18

Competitive Comparison of Hikari Tsushin's Debt-to-Equity

For the Conglomerates subindustry, Hikari Tsushin'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.

Hikari Tsushin's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hikari Tsushin's Debt-to-Equity distribution charts can be found below:

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

Hikari Tsushin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hikari Tsushin'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
	=	(143411	+	578364)	/	571009
	=	1.26

Hikari Tsushin'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
	=	(179241	+	623678)	/	682747
	=	1.18

Hikari Tsushin (TSE:9435) 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.

Hikari Tsushin Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Hikari Tsushin's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Hikari Tsushin (TSE:9435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hikari Tsushin Inc (TSE:9435) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HKTGF:USA HIK:Germany

Address

Hikari West Gate Building, 1-4-10, Nishi Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.hikari.co.jp

Hikari Tsushin Inc is a Japanese company that provides services such networking and automation products offers individual insurance plans for small and medium-size enterprises. The company has three reporting segments: corporate, shop and insurance. The corporate segment offers products such as Wi-Fi routers, SIM cards, water coolers and LED lighting. Revenue is evenly split between the corporate and shop segments with insurance adding a small portion. The company earns the vast majority of its revenue in Japan.

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