TOKYO KOKI Co (TSE:7719) Debt-to-Equity : 0.45 (As of Feb. 2024)

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What is TOKYO KOKI Co Debt-to-Equity?

TOKYO KOKI Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円429 Mil. TOKYO KOKI Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円253 Mil. TOKYO KOKI Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円1,520 Mil. TOKYO KOKI Co's debt to equity for the quarter that ended in Feb. 2024 was 0.45.

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 TOKYO KOKI Co's Debt-to-Equity or its related term are showing as below:

TSE:7719' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.6 Max: 1
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of TOKYO KOKI Co was 1.00. The lowest was 0.44. And the median was 0.60.

TSE:7719's Debt-to-Equity is ranked worse than
63.55% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:7719: 0.45

TOKYO KOKI Co Debt-to-Equity Historical Data

The historical data trend for TOKYO KOKI 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.

* Premium members only.

TOKYO KOKI Co Debt-to-Equity Chart

TOKYO KOKI Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

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0.59

0.44

0.48

0.45

TOKYO KOKI Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.53	0.46	0.51	0.45

Competitive Comparison of TOKYO KOKI Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, TOKYO KOKI 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.

TOKYO KOKI Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TOKYO KOKI Co's Debt-to-Equity distribution charts can be found below:

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

TOKYO KOKI Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TOKYO KOKI Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(429.129	+	253.181)	/	1520.337
	=	0.45

TOKYO KOKI Co's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(429.129	+	253.181)	/	1520.337
	=	0.45

TOKYO KOKI Co (TSE:7719) 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.

TOKYO KOKI Co Debt-to-Equity Related Terms

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TOKYO KOKI Co (TSE:7719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TOKYO KOKI Co Ltd (TSE:7719) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-9 Kandasakumacho, Chiyoda-ku, Tokyo, JPN, 101-0025

Website

http://www.tksnet.co.jp

TOKYO KOKI CO.LTD. is engaged in the manufacturing and sales of testing and measuring machines and systems. In addition, it is also involved in manufacturing and distribution of locking nut, locking spring, special spring, bolt and other fastening members. Its product offering includes material testing machine, component testing machine, structure testing machine, power testing machine, performance testing equipment, environmental testing equipment, high temperature/ high-pressure environment testing machine and other testing machines.

TOKYO KOKI Co (TSE:7719) Headlines

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