Takamisawa Cybernetics Co (TSE:6424) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Takamisawa Cybernetics Co Debt-to-Equity?

Takamisawa Cybernetics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,014 Mil. Takamisawa Cybernetics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円450 Mil. Takamisawa Cybernetics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円4,309 Mil. Takamisawa Cybernetics Co's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

TSE:6424' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.8 Max: 3.43
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Takamisawa Cybernetics Co was 3.43. The lowest was 0.92. And the median was 1.80.

TSE:6424's Debt-to-Equity is ranked worse than
87.2% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:6424: 1.04

Takamisawa Cybernetics Co Debt-to-Equity Historical Data

The historical data trend for Takamisawa Cybernetics 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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Takamisawa Cybernetics Co Debt-to-Equity Chart

Takamisawa Cybernetics Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

2.96

2.04

1.56

1.39

1.11

Takamisawa Cybernetics Co 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															1.08	1.11	0.96	1.00	1.04

Competitive Comparison of Takamisawa Cybernetics Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Takamisawa Cybernetics 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.

Takamisawa Cybernetics Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Takamisawa Cybernetics Co's Debt-to-Equity distribution charts can be found below:

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

Takamisawa Cybernetics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Takamisawa Cybernetics Co'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
	=	(4458.31	+	304.687)	/	4277.577
	=	1.11

Takamisawa Cybernetics 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
	=	(4014	+	450)	/	4309.384
	=	1.04

Takamisawa Cybernetics Co (TSE:6424) 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.

Takamisawa Cybernetics Co Debt-to-Equity Related Terms

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Takamisawa Cybernetics Co (TSE:6424) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Takamisawa Cybernetics Co Ltd (TSE:6424) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

48-5, 2-Chome Chuo, Nakano-ku, Tokyo, JPN, 164-0011

Website

http://www.tacy.co.jp

Takamisawa Cybernetics Company, Ltd. manufactures and markets electronic control instruments. The company's products include automatic ticket vending machine (ATVM), ticket dispenser machines for IC (integrated circuit) cards, smart card charging terminal, access control solutions, earthquake disaster preventation equipment, and cash transaction machines at railroad stations. The products are manufactured under its specialized quality management system.

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