Shinwa Co (TSE:3447) Debt-to-Equity : 0.57 (As of Sep. 2024)

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What is Shinwa Co Debt-to-Equity?

Shinwa Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円3,106 Mil. Shinwa Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円5,822 Mil. Shinwa Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円15,610 Mil. Shinwa Co's debt to equity for the quarter that ended in Sep. 2024 was 0.57.

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

TSE:3447' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.39 Max: 0.81
Current: 0.57

During the past 8 years, the highest Debt-to-Equity Ratio of Shinwa Co was 0.81. The lowest was 0.23. And the median was 0.39.

TSE:3447's Debt-to-Equity is ranked worse than
71.82% of 2608 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:3447: 0.57

Shinwa Co Debt-to-Equity Historical Data

The historical data trend for Shinwa 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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Shinwa Co Debt-to-Equity Chart

Shinwa Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.42

0.37

0.32

0.27

0.23

Shinwa Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.26	0.23	0.23	0.57

Competitive Comparison of Shinwa Co's Debt-to-Equity

For the Metal Fabrication subindustry, Shinwa 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.

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

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

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

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Shinwa Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinwa 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
	=	(1490.914	+	1963.658)	/	15310.028
	=	0.23

Shinwa Co'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
	=	(3105.849	+	5821.601)	/	15609.708
	=	0.57

Shinwa Co (TSE:3447) 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.

Shinwa Co Debt-to-Equity Related Terms

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Shinwa Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shinwa Co Ltd (TSE:3447) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

30-7 Hiratacho Bushigawa, Gifu Prefecture, Kaizu-shi, JPN, 503-0311

Website

https://www.shinwa-jp.com

Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.

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