Sumitomo Forestry Co (TSE:1911) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Sumitomo Forestry Co Debt-to-Equity?

Sumitomo Forestry Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円95,382 Mil. Sumitomo Forestry Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円328,489 Mil. Sumitomo Forestry Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円754,490 Mil. Sumitomo Forestry Co's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

TSE:1911' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.58 Max: 0.83
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Forestry Co was 0.83. The lowest was 0.42. And the median was 0.58.

TSE:1911's Debt-to-Equity is ranked worse than
52.08% of 96 companies
in the Homebuilding & Construction industry
Industry Median: 0.54 vs TSE:1911: 0.56

Sumitomo Forestry Co Debt-to-Equity Historical Data

The historical data trend for Sumitomo Forestry 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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Sumitomo Forestry Co Debt-to-Equity Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.83

0.61

0.56

Sumitomo Forestry 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															0.56	0.54	0.55	0.56	N/A

Competitive Comparison of Sumitomo Forestry Co's Debt-to-Equity

For the Residential Construction subindustry, Sumitomo Forestry 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.

Sumitomo Forestry Co's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Debt-to-Equity distribution charts can be found below:

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

Sumitomo Forestry Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Forestry Co's Debt to Equity Ratio for the fiscal year 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
	=	(95382	+	328489)	/	754490
	=	0.56

Sumitomo Forestry 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
	=	(95382	+	328489)	/	754490
	=	0.56

Sumitomo Forestry Co (TSE:1911) 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.

Sumitomo Forestry Co Debt-to-Equity Related Terms

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Sumitomo Forestry Co (TSE:1911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (TSE:1911) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

Sumitomo Forestry Co (TSE:1911) Headlines

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