Yokohama Maruuo Co (TSE:8045) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Yokohama Maruuo Co Debt-to-Equity?

Yokohama Maruuo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円431 Mil. Yokohama Maruuo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2 Mil. Yokohama Maruuo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円14,526 Mil. Yokohama Maruuo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSE:8045' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.12
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Yokohama Maruuo Co was 0.12. The lowest was 0.00. And the median was 0.03.

TSE:8045's Debt-to-Equity is ranked better than
93.17% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TSE:8045: 0.03

Yokohama Maruuo Co Debt-to-Equity Historical Data

The historical data trend for Yokohama Maruuo 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.

Yokohama Maruuo Co Debt-to-Equity Chart

Yokohama Maruuo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.05

0.07

0.08

Yokohama Maruuo Co 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															0.12	0.08	0.05	0.06	0.03

Competitive Comparison of Yokohama Maruuo Co's Debt-to-Equity

For the Packaged Foods subindustry, Yokohama Maruuo 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.

Yokohama Maruuo Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Yokohama Maruuo Co's Debt-to-Equity distribution charts can be found below:

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

Yokohama Maruuo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yokohama Maruuo Co'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
	=	(735.788	+	299.218)	/	12824.755
	=	0.08

Yokohama Maruuo Co'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
	=	(431	+	2)	/	14526
	=	0.03

Yokohama Maruuo Co (TSE:8045) 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.

Yokohama Maruuo Co Debt-to-Equity Related Terms

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Yokohama Maruuo Co (TSE:8045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yokohama Maruuo Co Ltd (TSE:8045) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanagawa-ku, Yamauchi address 1-cho, Yubinbango, Yokohama, JPN, 221 0054

Website

http://www.yokohama-maruuo.co.jp

Yokohama Maruuo Co Ltd is a Japan-based company engaged in collecting and selling fresh fishery products and fishery processed goods. In addition, the company is also involved in the ownership and rental of real estate business. The products offered by the company include large-sized products, fresh fish, delicacies and other seafood, frozen products, distinctive products, dried-salted products, processed products and fish-paste products, among others.

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