SMK (TSE:6798) Debt-to-Equity : 0.42 (As of Dec. 2024)

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What is SMK Debt-to-Equity?

SMK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was 円5,840 Mil. SMK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was 円7,713 Mil. SMK's Total Stockholders Equity for the quarter that ended in Dec. 2024 was 円32,026 Mil. SMK's debt to equity for the quarter that ended in Dec. 2024 was 0.42.

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

TSE:6798' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.53 Max: 0.79
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of SMK was 0.79. The lowest was 0.37. And the median was 0.53.

TSE:6798's Debt-to-Equity is ranked worse than
62.42% of 2174 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6798: 0.42

SMK Debt-to-Equity Historical Data

The historical data trend for SMK'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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SMK Debt-to-Equity Chart

SMK Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.61

0.41

0.40

0.45

SMK Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.45	0.41	0.44	0.42

Competitive Comparison of SMK's Debt-to-Equity

For the Electronic Components subindustry, SMK'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.

SMK's Debt-to-Equity Distribution in the Hardware Industry

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

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

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SMK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SMK'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
	=	(6344	+	8019)	/	32142
	=	0.45

SMK's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(5840	+	7713)	/	32026
	=	0.42

SMK (TSE:6798) 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.

SMK Debt-to-Equity Related Terms

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

SMK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMK Corp (TSE:6798) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-5, Togoshi 6-chome, Shinagawa-ku, Tokyo, JPN, 142-8511

Website

https://www.smk.co.jp

SMK Corp manufactures and sells parts for the electrocommunication device and electronic equipment. Its reportable segments include Connection System; Sensing, Communications and Interface; Research and Development Center, and others. The company generates maximum revenue from the Sensing, Communications, and Interface segment, which produces and sells remote controls, switches, camera modules, and touch sensors. Geographically, it derives a majority of its revenue from Japan. The company's product portfolio includes connectors, plugs/jacks, switches, accessories, remote control units, antennas, touch panels, and communication modules.

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