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Hitachi CableLtd. (TSE:5812) Debt-to-Equity : 0.75 (As of Mar. 2013)


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What is Hitachi CableLtd. Debt-to-Equity?

Hitachi CableLtd.'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was 円22,752 Mil. Hitachi CableLtd.'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2013 was 円34,000 Mil. Hitachi CableLtd.'s Total Stockholders Equity for the quarter that ended in Mar. 2013 was 円75,374 Mil. Hitachi CableLtd.'s debt to equity for the quarter that ended in Mar. 2013 was 0.75.

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 Hitachi CableLtd.'s Debt-to-Equity or its related term are showing as below:

TSE:5812's Debt-to-Equity is not ranked *
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Hitachi CableLtd. Debt-to-Equity Historical Data

The historical data trend for Hitachi CableLtd.'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.

Hitachi CableLtd. Debt-to-Equity Chart

Hitachi CableLtd. Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Debt-to-Equity
Get a 7-Day Free Trial 0.34 0.40 0.42 0.62 0.75

Hitachi CableLtd. Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only 0.62 0.60 0.60 0.72 0.75

Competitive Comparison of Hitachi CableLtd.'s Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Hitachi CableLtd.'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.

Hitachi CableLtd.'s Debt-to-Equity Distribution in the Industrial Products Industry

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

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


Hitachi CableLtd. Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hitachi CableLtd.'s Debt to Equity Ratio for the fiscal year that ended in Mar. 2013 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
=(22752 + 34000) / 75374
=0.75

Hitachi CableLtd.'s Debt to Equity Ratio for the quarter that ended in Mar. 2013 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
=(22752 + 34000) / 75374
=0.75

* 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.

Hitachi CableLtd.  (TSE:5812) 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.

Hitachi CableLtd. Debt-to-Equity Related Terms

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