Tsubota Laboratory (TSE:4890) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Tsubota Laboratory Debt-to-Equity?

Tsubota Laboratory's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円24.5 Mil. Tsubota Laboratory's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円98.5 Mil. Tsubota Laboratory's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,053.1 Mil. Tsubota Laboratory's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

TSE:4890' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.18 Max: 0.41
Current: 0.09

During the past 5 years, the highest Debt-to-Equity Ratio of Tsubota Laboratory was 0.41. The lowest was 0.07. And the median was 0.18.

TSE:4890's Debt-to-Equity is ranked better than
70.2% of 698 companies
in the Medical Devices & Instruments industry
Industry Median: 0.215 vs TSE:4890: 0.09

Tsubota Laboratory Debt-to-Equity Historical Data

The historical data trend for Tsubota Laboratory'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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Tsubota Laboratory Debt-to-Equity Chart

Tsubota Laboratory Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

0.18

0.41

0.30

0.07

0.09

Tsubota Laboratory Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial							0.07	0.07	0.08	0.12	0.09

Competitive Comparison of Tsubota Laboratory's Debt-to-Equity

For the Medical Devices subindustry, Tsubota Laboratory'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.

Tsubota Laboratory's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tsubota Laboratory's Debt-to-Equity distribution charts can be found below:

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

Tsubota Laboratory Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsubota Laboratory'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
	=	(26.52	+	90.38)	/	1367.232
	=	0.09

Tsubota Laboratory'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
	=	(24.48	+	98.54)	/	1053.075
	=	0.12

Tsubota Laboratory (TSE:4890) 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.

Tsubota Laboratory Debt-to-Equity Related Terms

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Tsubota Laboratory (TSE:4890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tsubota Laboratory Inc (TSE:4890) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shinanomachi, 304 Toshin Shinanomachi-ekimae Building, Shinjuku-ku, Tokyo, JPN, 160-0016

Website

https://tsubota-lab.com

Tsubota Laboratory Inc is engaged in the research and development of pharmaceuticals and medical devices for the treatment of myopia, dry eyes, and presbyopia.

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