Hirakawa Hewtech (TSE:5821) Debt-to-Equity : 0.11 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Hirakawa Hewtech Debt-to-Equity?

Hirakawa Hewtech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,998 Mil. Hirakawa Hewtech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,789 Mil. Hirakawa Hewtech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円35,563 Mil. Hirakawa Hewtech's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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

TSE:5821' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.23
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Hirakawa Hewtech was 0.23. The lowest was 0.07. And the median was 0.14.

TSE:5821's Debt-to-Equity is ranked better than
80.12% of 483 companies
in the Conglomerates industry
Industry Median: 0.56 vs TSE:5821: 0.11

Hirakawa Hewtech Debt-to-Equity Historical Data

The historical data trend for Hirakawa Hewtech'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.

Hirakawa Hewtech Debt-to-Equity Chart

Hirakawa Hewtech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.16

0.15

0.10

Hirakawa Hewtech 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															0.11	0.10	0.07	0.09	0.11

Competitive Comparison of Hirakawa Hewtech's Debt-to-Equity

For the Conglomerates subindustry, Hirakawa Hewtech'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.

Hirakawa Hewtech's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hirakawa Hewtech's Debt-to-Equity distribution charts can be found below:

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

Hirakawa Hewtech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hirakawa Hewtech'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
	=	(2064	+	1171)	/	34128
	=	0.09

Hirakawa Hewtech'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
	=	(1998	+	1789)	/	35563
	=	0.11

Hirakawa Hewtech (TSE:5821) 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.

Hirakawa Hewtech Debt-to-Equity Related Terms

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

Hirakawa Hewtech (TSE:5821) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hirakawa Hewtech Corp (TSE:5821) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-28-10 Minami-Oi, JK Omori Building, Shinagawa-ku, Tokyo, JPN, 1408551

Website

http://www.hewtech.co.jp

Hirakawa Hewtech Corp is a Japan-based company. It is mainly engaged in the manufacture and sale of electric wires, cables, electrical equipment, and medical equipment. The company is also engaged in the design, construction, supervision and contracting of electrical work and telecommunications construction. Electrical products offered by the company include micro coaxial cable, interface cable, broadcast cable, and high-frequency coaxial cable. Medical equipment offerings include industry tube and medical tube. Hirakawa Hewtech is also engaged in real estate management and leasing.

Hirakawa Hewtech (TSE:5821) Headlines

No Headlines