Shindengen Electric Manufacturing Co (TSE:6844) Debt-to-Equity : 0.67 (As of Sep. 2024)

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What is Shindengen Electric Manufacturing Co Debt-to-Equity?

Shindengen Electric Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円9,859 Mil. Shindengen Electric Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円35,084 Mil. Shindengen Electric Manufacturing Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円67,432 Mil. Shindengen Electric Manufacturing Co's debt to equity for the quarter that ended in Sep. 2024 was 0.67.

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 Shindengen Electric Manufacturing Co's Debt-to-Equity or its related term are showing as below:

TSE:6844' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.62 Max: 0.88
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Shindengen Electric Manufacturing Co was 0.88. The lowest was 0.45. And the median was 0.62.

TSE:6844's Debt-to-Equity is ranked worse than
74.66% of 2174 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6844: 0.63

Shindengen Electric Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Shindengen Electric Manufacturing 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.

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Shindengen Electric Manufacturing Co Debt-to-Equity Chart

Shindengen Electric Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.51

0.78

0.70

0.60

0.55

Shindengen Electric Manufacturing Co 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															0.62	0.55	N/A	0.67	0.63

Competitive Comparison of Shindengen Electric Manufacturing Co's Debt-to-Equity

For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.

Shindengen Electric Manufacturing Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

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Shindengen Electric Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shindengen Electric Manufacturing Co'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
	=	(7825	+	31077)	/	70916
	=	0.55

Shindengen Electric Manufacturing Co'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
	=	(9859	+	35084)	/	67432
	=	0.67

Shindengen Electric Manufacturing Co (TSE:6844) 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.

Shindengen Electric Manufacturing Co Debt-to-Equity Related Terms

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

Shindengen Electric Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shindengen Electric Manufacturing Co Ltd (TSE:6844) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.shindengen.co.jp

Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.

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