Towa (TOWCF) Debt-to-Equity : 0.21 (As of Sep. 2024)

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What is Towa Debt-to-Equity?

Towa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $71.8 Mil. Towa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $13.5 Mil. Towa's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $412.4 Mil. Towa's debt to equity for the quarter that ended in Sep. 2024 was 0.21.

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

TOWCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 0.42
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Towa was 0.42. The lowest was 0.12. And the median was 0.26.

TOWCF's Debt-to-Equity is ranked better than
56.12% of 882 companies
in the Semiconductors industry
Industry Median: 0.27 vs TOWCF: 0.21

Towa Debt-to-Equity Historical Data

The historical data trend for Towa'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.

Towa Debt-to-Equity Chart

Towa Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.36

0.25

0.26

0.34

0.24

Towa Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.27	0.24	N/A	0.21

Competitive Comparison of Towa's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Towa'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.

Towa's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Towa's Debt-to-Equity distribution charts can be found below:

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

Towa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Towa's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(74.153	+	19.422)	/	390.044
	=	0.24

Towa's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(71.771	+	13.501)	/	412.382
	=	0.21

Towa (OTCPK:TOWCF) 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.

Towa Debt-to-Equity Related Terms

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Towa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Towa Corp (OTCPK:TOWCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6315:Japan TWA:Germany

Address

5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8105

Website

http://www.towajapan.co.jp

Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment.

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