Takadakiko (Steel Construction) Co (TSE:5923) Debt-to-Equity : 0.22 (As of Sep. 2024)

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What is Takadakiko (Steel Construction) Co Debt-to-Equity?

Takadakiko (Steel Construction) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円3,600 Mil. Takadakiko (Steel Construction) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円1,000 Mil. Takadakiko (Steel Construction) Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円20,597 Mil. Takadakiko (Steel Construction) Co's debt to equity for the quarter that ended in Sep. 2024 was 0.22.

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 Takadakiko (Steel Construction) Co's Debt-to-Equity or its related term are showing as below:

TSE:5923' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 0.29
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Takadakiko (Steel Construction) Co was 0.29. The lowest was 0.05. And the median was 0.12.

TSE:5923's Debt-to-Equity is ranked better than
67.2% of 1564 companies
in the Construction industry
Industry Median: 0.44 vs TSE:5923: 0.22

Takadakiko (Steel Construction) Co Debt-to-Equity Historical Data

The historical data trend for Takadakiko (Steel Construction) 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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Takadakiko (Steel Construction) Co Debt-to-Equity Chart

Takadakiko (Steel Construction) Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.10

0.12

0.11

0.26

0.22

Takadakiko (Steel Construction) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.19	0.22	N/A	0.22

Competitive Comparison of Takadakiko (Steel Construction) Co's Debt-to-Equity

For the Engineering & Construction subindustry, Takadakiko (Steel Construction) 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.

Takadakiko (Steel Construction) Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Takadakiko (Steel Construction) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Takadakiko (Steel Construction) Co's Debt-to-Equity falls into.

Takadakiko (Steel Construction) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Takadakiko (Steel Construction) 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
	=	(4600	+	0)	/	20908.219
	=	0.22

Takadakiko (Steel Construction) 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
	=	(3600	+	1000)	/	20596.974
	=	0.22

Takadakiko (Steel Construction) Co (TSE:5923) 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.

Takadakiko (Steel Construction) Co Debt-to-Equity Related Terms

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Takadakiko (Steel Construction) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takadakiko (Steel Construction) Co Ltd (TSE:5923) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-70 Nanbanaka, 2-Chome, Naniwa-Ku, Osaka, JPN, 556-0011

Website

https://www.takadakiko.com

Takadakiko (Steel Construction) Co Ltd formerly Takada Kiko Co Ltd is engaged in the designing, manufacturing, and installation of steel bridges, building construction, school gymnasiums, and installation work on upper part of steel bridge, pavement, work, signs, and protective fences.

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