Tokyu Construction Co (TSE:1720) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Tokyu Construction Co Debt-to-Equity?

Tokyu Construction Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円40,212 Mil. Tokyu Construction Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円21,657 Mil. Tokyu Construction Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円94,296 Mil. Tokyu Construction Co's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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 Tokyu Construction Co's Debt-to-Equity or its related term are showing as below:

TSE:1720' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.22 Max: 0.55
Current: 0.55

During the past 13 years, the highest Debt-to-Equity Ratio of Tokyu Construction Co was 0.55. The lowest was 0.02. And the median was 0.22.

TSE:1720's Debt-to-Equity is ranked worse than
56.16% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1720: 0.55

Tokyu Construction Co Debt-to-Equity Historical Data

The historical data trend for Tokyu Construction 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.

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Tokyu Construction Co Debt-to-Equity Chart

Tokyu Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.26

0.25

0.23

0.55

Tokyu Construction Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.23	0.49	0.66	0.55

Competitive Comparison of Tokyu Construction Co's Debt-to-Equity

For the Engineering & Construction subindustry, Tokyu Construction 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.

Tokyu Construction Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tokyu Construction Co's Debt-to-Equity distribution charts can be found below:

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

Tokyu Construction Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyu Construction Co'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
	=	(33309	+	21713)	/	99964
	=	0.55

Tokyu Construction 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
	=	(40212	+	21657)	/	94296
	=	0.66

Tokyu Construction Co (TSE:1720) 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.

Tokyu Construction Co Debt-to-Equity Related Terms

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Tokyu Construction Co (TSE:1720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tokyu Construction Co Ltd (TSE:1720) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TCW:Germany

Address

1-16-14, Shibuya, Shibuya-ku, Tokyo, JPN, 150-8340

Website

http://www.tokyu-cnst.co.jp

Tokyu Construction is a Japan-based company that provides various construction-related services. The company's services include civil engineering and building construction, investigation, construction planning, geological surveying, consultancy services, measurement, designing, building maintenance and supervision, real estate leasing, and worker dispatching. Its construction activities encompass educational facilities, offices, hotels, commercial facilities, environmental improvement facilities, care facilities, hospitals, logistics facilities, factories, roads, sports facilities, airports, and so on.

Tokyu Construction Co (TSE:1720) Headlines

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