Miyoshi (SGX:M03) Debt-to-Equity : 0.38 (As of Feb. 2024)

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What is Miyoshi Debt-to-Equity?

Miyoshi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was S$8.24 Mil. Miyoshi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was S$1.89 Mil. Miyoshi's Total Stockholders Equity for the quarter that ended in Feb. 2024 was S$26.59 Mil. Miyoshi's debt to equity for the quarter that ended in Feb. 2024 was 0.38.

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

SGX:M03' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 0.4
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Miyoshi was 0.40. The lowest was 0.06. And the median was 0.17.

SGX:M03's Debt-to-Equity is ranked worse than
58.49% of 2616 companies
in the Industrial Products industry
Industry Median: 0.28 vs SGX:M03: 0.38

Miyoshi Debt-to-Equity Historical Data

The historical data trend for Miyoshi'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.

Miyoshi Debt-to-Equity Chart

Miyoshi Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

0.22

0.32

0.30

0.40

Miyoshi Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.40	0.40	0.38	0.38

Competitive Comparison of Miyoshi's Debt-to-Equity

For the Metal Fabrication subindustry, Miyoshi'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.

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

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

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

Miyoshi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Miyoshi's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(8.641	+	2.303)	/	27.374
	=	0.40

Miyoshi's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(8.237	+	1.885)	/	26.588
	=	0.38

Miyoshi (SGX:M03) 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.

Miyoshi Debt-to-Equity Related Terms

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

Miyoshi (SGX:M03) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miyoshi Ltd (SGX:M03) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26, Boon Lay Way, No. 01-80, Tradehub 21, Singapore, SGP, 609970

Website

http://www.miyoshi.biz

Miyoshi Ltd is employed in designing and manufacturing mould and precision pressed parts and trading in related products and trading commodities. It operates in four segments. The Data Storage segment is engaged in the manufacture of metal semi-finished components for hard disk drives and removable storage devices, The Consumer Electronics segment is engaged in the manufacture of metal semi-finished components for photocopiers, scanners, and printers, The Automotive segment is engaged in the manufacture of finished products of light electric vehicles and semi-finished metal components and The Other segment includes commodities trading and rental income arising from investment properties.

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