LIXIL (TSE:5938) Debt-to-Equity : 1.05 (As of Mar. 2024)

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What is LIXIL Debt-to-Equity?

LIXIL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円228,361 Mil. LIXIL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円448,831 Mil. LIXIL's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円642,511 Mil. LIXIL's debt to equity for the quarter that ended in Mar. 2024 was 1.05.

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

TSE:5938' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.16 Max: 1.66
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of LIXIL was 1.66. The lowest was 0.86. And the median was 1.16.

TSE:5938's Debt-to-Equity is ranked worse than
77.03% of 1506 companies
in the Construction industry
Industry Median: 0.44 vs TSE:5938: 1.05

LIXIL Debt-to-Equity Historical Data

The historical data trend for LIXIL'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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LIXIL Debt-to-Equity Chart

LIXIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.66

1.08

0.86

0.99

1.05

LIXIL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.99	1.06	1.07	1.10	1.05

Competitive Comparison of LIXIL's Debt-to-Equity

For the Building Products & Equipment subindustry, LIXIL'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.

LIXIL's Debt-to-Equity Distribution in the Construction Industry

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

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

LIXIL Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LIXIL'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
	=	(228361	+	448831)	/	642511
	=	1.05

LIXIL's Debt to Equity Ratio for the quarter 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
	=	(228361	+	448831)	/	642511
	=	1.05

LIXIL (TSE:5938) 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.

LIXIL Debt-to-Equity Related Terms

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

LIXIL (TSE:5938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LIXIL Corp (TSE:5938) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JSGRY:USA TJS:Germany

Address

Osaki Garden Tower, 1-1 Nishi-Shinagawa 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0033

Website

https://www.lixil-group.co.jp

LIXIL Corp manufactures and sells building and housing materials globally through two primary segments based on location. The company's product portfolio includes building materials, doors, shutters, plumbing fixtures, equipment, curtain walls, faucets, and bathtubs. The domestic business segment, which generates the majority of revenue, sells its products throughout Japan through retail and distribution centers. The segment also sells and manages real estate. The overseas business segment sells products throughout Asia and North America. Bathroom products in North America are sold under the American Standard brand.

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