Toyo Denki Seizo KK (TSE:6505) Debt-to-Equity : 0.41 (As of Feb. 2024)

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What is Toyo Denki Seizo KK Debt-to-Equity?

Toyo Denki Seizo KK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円1,035 Mil. Toyo Denki Seizo KK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円9,822 Mil. Toyo Denki Seizo KK's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円26,247 Mil. Toyo Denki Seizo KK's debt to equity for the quarter that ended in Feb. 2024 was 0.41.

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 Toyo Denki Seizo KK's Debt-to-Equity or its related term are showing as below:

TSE:6505' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 0.8
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Denki Seizo KK was 0.80. The lowest was 0.35. And the median was 0.54.

TSE:6505's Debt-to-Equity is ranked worse than
59.64% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6505: 0.41

Toyo Denki Seizo KK Debt-to-Equity Historical Data

The historical data trend for Toyo Denki Seizo KK'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.

Toyo Denki Seizo KK Debt-to-Equity Chart

Toyo Denki Seizo KK Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.62

0.60

0.58

0.53

0.46

Toyo Denki Seizo KK Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.54	0.46	0.44	0.43	0.41

Competitive Comparison of Toyo Denki Seizo KK's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Toyo Denki Seizo KK'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.

Toyo Denki Seizo KK's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Denki Seizo KK's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Toyo Denki Seizo KK's Debt-to-Equity falls into.

Toyo Denki Seizo KK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyo Denki Seizo KK's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(885	+	10288)	/	24582
	=	0.45

Toyo Denki Seizo KK's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(1035	+	9822)	/	26247
	=	0.41

Toyo Denki Seizo KK (TSE:6505) 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.

Toyo Denki Seizo KK Debt-to-Equity Related Terms

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

Toyo Denki Seizo KK (TSE:6505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Denki Seizo KK (TSE:6505) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tatemono Yaesu Building 5F 1-4-16, Yaesu, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.toyodenki.co.jp

Toyo Denki Seizo KK operates in transportation business, industrial business, ICT solution business, and development center. In the transportation business, it is engaged in electrical equipment for railway vehicles. In the industrial business, the company develops industrial electrical equipment such as motors and inverters for production equipment machines. In the ICT solution business, it develops and manufactures station equipment and remote monitoring systems. At the Development Center, the group is working to expand new businesses and products.

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