Current Motor (TSE:7690) Debt-to-Equity : 1.92 (As of Apr. 2024)

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What is Current Motor Debt-to-Equity?

Current Motor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円1,176 Mil. Current Motor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円260 Mil. Current Motor's Total Stockholders Equity for the quarter that ended in Apr. 2024 was 円749 Mil. Current Motor's debt to equity for the quarter that ended in Apr. 2024 was 1.92.

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

TSE:7690' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.55 Max: 10.31
Current: 1.92

During the past 6 years, the highest Debt-to-Equity Ratio of Current Motor was 10.31. The lowest was 1.14. And the median was 1.55.

TSE:7690's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs TSE:7690: 1.92

Current Motor Debt-to-Equity Historical Data

The historical data trend for Current Motor'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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Current Motor Debt-to-Equity Chart

Current Motor Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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3.86

1.99

1.22

1.55

1.26

Current Motor Semi-Annual Data
	Oct18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Debt-to-Equity	Get a 7-Day Free Trial						1.42	1.55	1.14	1.26	1.92

Competitive Comparison of Current Motor's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, Current Motor'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.

Current Motor's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Current Motor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Current Motor's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(830.664	+	13.084)	/	669.985
	=	1.26

Current Motor's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(1176.248	+	259.568)	/	749.223
	=	1.92

Current Motor (TSE:7690) 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.

Current Motor Debt-to-Equity Related Terms

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Current Motor (TSE:7690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002

Website

https://www.currentmotor.co.jp

Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

Current Motor (TSE:7690) Headlines

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