Toa Road (TSE:1882) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Toa Road Debt-to-Equity?

Toa Road's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円250 Mil. Toa Road's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Toa Road's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円52,100 Mil. Toa Road's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

TSE:1882' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.21 Max: 0.43
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Toa Road was 0.43. The lowest was 0.01. And the median was 0.21.

TSE:1882's Debt-to-Equity is ranked better than
99.93% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1882: 0.01

Toa Road Debt-to-Equity Historical Data

The historical data trend for Toa Road'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.

Toa Road Debt-to-Equity Chart

Toa Road Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.20

0.14

0.07

0.04

Toa Road 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															0.04	0.04	0.01	0.01	0.01

Competitive Comparison of Toa Road's Debt-to-Equity

For the Engineering & Construction subindustry, Toa Road'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.

Toa Road's Debt-to-Equity Distribution in the Construction Industry

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

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

Toa Road Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toa Road'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
	=	(2036	+	150)	/	51342
	=	0.04

Toa Road'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
	=	(250	+	0)	/	52100
	=	0.00

Toa Road (TSE:1882) 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.

Toa Road Debt-to-Equity Related Terms

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Toa Road (TSE:1882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toa Road Corp (TSE:1882) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-3-7 Roppongi, Tokyo, Minato City, JPN, 106-0032

Website

https://www.toadoro.co.jp

Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.

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