Vertex (TSE:5290) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Vertex Debt-to-Equity?

Vertex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,392 Mil. Vertex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,484 Mil. Vertex's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円32,456 Mil. Vertex's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

TSE:5290' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.19 Max: 0.25
Current: 0.15

During the past 5 years, the highest Debt-to-Equity Ratio of Vertex was 0.25. The lowest was 0.14. And the median was 0.19.

TSE:5290's Debt-to-Equity is ranked better than
75.35% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs TSE:5290: 0.15

Vertex Debt-to-Equity Historical Data

The historical data trend for Vertex'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.

Vertex Debt-to-Equity Chart

Vertex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.22

0.20

0.14

0.17

Vertex 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															0.19	0.17	0.17	0.16	0.15

Competitive Comparison of Vertex's Debt-to-Equity

For the Building Materials subindustry, Vertex'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.

Vertex's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Vertex's Debt-to-Equity distribution charts can be found below:

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

Vertex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vertex'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
	=	(3591.197	+	1714.908)	/	31584.501
	=	0.17

Vertex'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
	=	(3392.192	+	1484.441)	/	32455.74
	=	0.15

Vertex (TSE:5290) 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.

Vertex Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Vertex's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Vertex (TSE:5290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vertex Corp (TSE:5290) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-2 Kojimachi 5-chome, Chiyoda-Ku, Tokyo, JPN, 102-0083

Website

https://www.vertex-grp.jp

Vertex Corp is primarily involved in the construction business. It manufactures concrete products and further involved in the other supplementary activities.

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