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TVE Co (TSE:6466) Debt-to-Equity : 0.04 (As of Mar. 2024)


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What is TVE Co Debt-to-Equity?

TVE Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円212 Mil. TVE Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円185 Mil. TVE Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円10,877 Mil. TVE Co's debt to equity for the quarter that ended in Mar. 2024 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 TVE Co's Debt-to-Equity or its related term are showing as below:

TSE:6466' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.06   Max: 0.29
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of TVE Co was 0.29. The lowest was 0.01. And the median was 0.06.

TSE:6466's Debt-to-Equity is ranked better than
86.81% of 2624 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:6466: 0.04

TVE Co Debt-to-Equity Historical Data

The historical data trend for TVE 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.

* Premium members only.

TVE Co Debt-to-Equity Chart

TVE Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.04 0.03 0.08 0.06

TVE 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.05 0.06 0.04 0.04

Competitive Comparison of TVE Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, TVE 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.


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

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

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



TVE Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TVE Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

TVE Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


TVE Co  (TSE:6466) 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.


TVE Co Debt-to-Equity Related Terms

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


TVE Co (TSE:6466) Business Description

Traded in Other Exchanges
N/A
Address
5-12-1, Nishitachibana-cho, Amagasaki-shi, Hyogo, Amagasaki, JPN, 660-0054
TVE Co Ltd is engaged in the manufacture and sale of various valves and cast steel products, and maintenance work of various valves. The products of the company include safety valve, relief valve, sluice valve, check valve, special valve, and globe valve.

TVE Co (TSE:6466) Headlines

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