Shima Seiki Mfg (TSE:6222) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Shima Seiki Mfg Debt-to-Equity?

Shima Seiki Mfg's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,893 Mil. Shima Seiki Mfg's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円832 Mil. Shima Seiki Mfg's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円89,125 Mil. Shima Seiki Mfg's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 Shima Seiki Mfg's Debt-to-Equity or its related term are showing as below:

TSE:6222' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.2
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Shima Seiki Mfg was 0.20. The lowest was 0.02. And the median was 0.10.

TSE:6222's Debt-to-Equity is ranked better than
86.69% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6222: 0.04

Shima Seiki Mfg Debt-to-Equity Historical Data

The historical data trend for Shima Seiki Mfg'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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Shima Seiki Mfg Debt-to-Equity Chart

Shima Seiki Mfg Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.10

0.11

0.03

Shima Seiki Mfg 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															0.02	0.03	0.02	0.02	0.04

Competitive Comparison of Shima Seiki Mfg's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.

Shima Seiki Mfg's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shima Seiki Mfg's Debt-to-Equity distribution charts can be found below:

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

Shima Seiki Mfg Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shima Seiki Mfg'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
	=	(1767	+	1130)	/	86085
	=	0.03

Shima Seiki Mfg'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
	=	(2893	+	832)	/	89125
	=	0.04

Shima Seiki Mfg (TSE:6222) 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.

Shima Seiki Mfg Debt-to-Equity Related Terms

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Shima Seiki Mfg (TSE:6222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shima Seiki Mfg Ltd (TSE:6222) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Sakata, Wakayama, JPN, 641-8511

Website

http://www.shimaseiki.co.jp

Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.

Shima Seiki Mfg (TSE:6222) Headlines

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