Japan Display (TSE:6740) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Japan Display Debt-to-Equity?

Japan Display's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円24,000 Mil. Japan Display's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Japan Display's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円87,549 Mil. Japan Display's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Japan Display's Debt-to-Equity or its related term are showing as below:

TSE:6740' s Debt-to-Equity Range Over the Past 10 Years
Min: -167.43 Med: 0.42 Max: 4.59
Current: 0.27

During the past 11 years, the highest Debt-to-Equity Ratio of Japan Display was 4.59. The lowest was -167.43. And the median was 0.42.

TSE:6740's Debt-to-Equity is ranked better than
52.16% of 2195 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6740: 0.27

Japan Display Debt-to-Equity Historical Data

The historical data trend for Japan Display'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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Japan Display Debt-to-Equity Chart

Japan Display Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-167.43

1.87

2.41

1.01

Japan Display 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															2.24	-	0.11	0.21	0.27

Competitive Comparison of Japan Display's Debt-to-Equity

For the Electronic Components subindustry, Japan Display'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.

Japan Display's Debt-to-Equity Distribution in the Hardware Industry

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

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

Japan Display Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Display'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
	=	(0	+	0)	/	124430
	=	0.00

Japan Display'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
	=	(24000	+	0)	/	87549
	=	0.27

Japan Display (TSE:6740) 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.

Japan Display Debt-to-Equity Related Terms

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Japan Display (TSE:6740) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Japan Display Inc (TSE:6740) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JPDYY:USA JNNDF:USA 1J4:Germany

Address

Landic 2nd Building, 3-7-1, Nishi-shinbashi, Minato-ku, Tokyo, JPN, 105-0003

Website

https://www.j-display.com

Japan Display Inc is engaged in the development, production, and sale of small and medium-sized display devices and related products. Its products are divided into two categories: Mobile Device and Automotive and Non-Mobile. The Mobile Device category includes displays for smartphones, tablets and mobile phone devices. The Automotive and Non-Mobile category includes displays for automotive applications, consumer electronics, and industrial devices as well as income from patents and other sources. The company's business operations span across Europe, Korea, China, Philippines, America, and Hong Kong.

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