TEAC (TSE:6803) Debt-to-Equity : 1.68 (As of Sep. 2024)

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What is TEAC Debt-to-Equity?

TEAC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円3,365 Mil. TEAC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円1,641 Mil. TEAC's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円2,984 Mil. TEAC's debt to equity for the quarter that ended in Sep. 2024 was 1.68.

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

TSE:6803' s Debt-to-Equity Range Over the Past 10 Years
Min: -234.67 Med: 2.01 Max: 10.5
Current: 1.68

During the past 13 years, the highest Debt-to-Equity Ratio of TEAC was 10.50. The lowest was -234.67. And the median was 2.01.

TSE:6803's Debt-to-Equity is ranked worse than
94.06% of 2172 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6803: 1.68

TEAC Debt-to-Equity Historical Data

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

TEAC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.80

2.01

1.40

1.37

1.33

TEAC Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.69	1.52	1.56	1.33	1.68

Competitive Comparison of TEAC's Debt-to-Equity

For the Computer Hardware subindustry, TEAC'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.

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

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

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

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TEAC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TEAC'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
	=	(2477	+	2270)	/	3574
	=	1.33

TEAC's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3365	+	1641)	/	2984
	=	1.68

TEAC (TSE:6803) 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.

TEAC Debt-to-Equity Related Terms

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

TEAC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TEAC Corp (TSE:6803) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

47 Ochiai 1-chome, Tama-shi, Tokyo, JPN, 206-8530

Website

http://www.teac.co.jp

TEAC Corp is a Japanese based electronic company. It is engaged in manufacturing and sale of audio and information equipment. It operates in two business divisions including Audio products business and Information products business. Its Audio products business offers high-end audio products, general audio products, audio equipment for, music production and professional audio products. Information products business offers recording and reproducing equipment for aircraft, medical image recording and reproducing products, supporting systems for individual nursing care, measurement products (transducers, data recorders), and optical drives for the industrial market.

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