Tsurumi Manufacturing Co (TSE:6351) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Tsurumi Manufacturing Co Debt-to-Equity?

Tsurumi Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,041 Mil. Tsurumi Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,012 Mil. Tsurumi Manufacturing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円84,645 Mil. Tsurumi Manufacturing Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Tsurumi Manufacturing Co's Debt-to-Equity or its related term are showing as below:

TSE:6351' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.11
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Tsurumi Manufacturing Co was 0.11. The lowest was 0.03. And the median was 0.03.

TSE:6351's Debt-to-Equity is ranked better than
72.79% of 2624 companies
in the Industrial Products industry
Industry Median: 0.285 vs TSE:6351: 0.11

Tsurumi Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Tsurumi Manufacturing 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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Tsurumi Manufacturing Co Debt-to-Equity Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.04

0.03

0.09

0.11

Tsurumi Manufacturing Co 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															0.09	0.09	0.08	0.12	0.11

Competitive Comparison of Tsurumi Manufacturing Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsurumi Manufacturing Co's Debt-to-Equity distribution charts can be found below:

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

Tsurumi Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsurumi Manufacturing 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
	=	(1053	+	8893)	/	88802
	=	0.11

Tsurumi Manufacturing Co'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
	=	(1041	+	9012)	/	84645
	=	0.12

Tsurumi Manufacturing Co (TSE:6351) 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.

Tsurumi Manufacturing Co Debt-to-Equity Related Terms

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

Tsurumi Manufacturing Co (TSE:6351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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