Topy Industries (TSE:7231) Debt-to-Equity : 0.65 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Topy Industries Debt-to-Equity?

Topy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円29,952 Mil. Topy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円55,581 Mil. Topy Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円130,839 Mil. Topy Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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

TSE:7231' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.74 Max: 0.85
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Topy Industries was 0.85. The lowest was 0.56. And the median was 0.74.

TSE:7231's Debt-to-Equity is ranked worse than
60.72% of 1171 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:7231: 0.65

Topy Industries Debt-to-Equity Historical Data

The historical data trend for Topy Industries'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.

Topy Industries Debt-to-Equity Chart

Topy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.73

0.76

0.77

0.70

Topy Industries 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															0.73	0.70	0.69	0.66	0.65

Competitive Comparison of Topy Industries's Debt-to-Equity

For the Auto Parts subindustry, Topy Industries'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.

Topy Industries's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Topy Industries's Debt-to-Equity distribution charts can be found below:

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

Topy Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Topy Industries'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
	=	(24427	+	59495)	/	120265
	=	0.70

Topy Industries'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
	=	(29952	+	55581)	/	130839
	=	0.65

Topy Industries (TSE:7231) 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.

Topy Industries Debt-to-Equity Related Terms

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

Topy Industries (TSE:7231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Topy Industries Ltd (TSE:7231) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-8634

Website

http://www.topy.co.jp

Topy Industries Ltd is a Japanese producer of steel and automotive and industrial machinery components. Topy's largest segment by revenue, automotive and industrial machinery components, produces steel and aluminum wheels for passenger cars, commercial trucks, and buses; ultra-large-diameter wheels for mining dump trucks; industrial spring steel fasteners; and undercarriage components such as track shoes, cutting edges, links, and rollers. In its second- largest segment, the company produces general steel sections, deformed and flat bars, mast rail sections for forklifts, and universal mill plates.

Topy Industries (TSE:7231) Headlines

No Headlines