Touei Housing (TSE:8875) Debt-to-Equity : 0.86 (As of Jul. 2013)

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What is Touei Housing Debt-to-Equity?

Touei Housing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2013 was 円34,078 Mil. Touei Housing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2013 was 円602 Mil. Touei Housing's Total Stockholders Equity for the quarter that ended in Jul. 2013 was 円40,421 Mil. Touei Housing's debt to equity for the quarter that ended in Jul. 2013 was 0.86.

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 Touei Housing's Debt-to-Equity or its related term are showing as below:

TSE:8875's Debt-to-Equity is not ranked ^*
in the Real Estate industry.
Industry Median: 0.755
* Ranked among companies with meaningful Debt-to-Equity only.

Touei Housing Debt-to-Equity Historical Data

The historical data trend for Touei Housing'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.

Touei Housing Debt-to-Equity Chart

Touei Housing Annual Data

Trend

Jan09

Jan10

Jan11

Jan12

Jan13

Debt-to-Equity

1.59

0.87

0.82

0.78

0.85

Touei Housing Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13
Debt-to-Equity	Get a 7-Day Free Trial						0.67	0.79	0.85	0.83	0.86

Competitive Comparison of Touei Housing's Debt-to-Equity

For the Real Estate Services subindustry, Touei Housing'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.

Touei Housing's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Touei Housing's Debt-to-Equity distribution charts can be found below:

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

Touei Housing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Touei Housing's Debt to Equity Ratio for the fiscal year that ended in Jan. 2013 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
	=	(32194	+	688)	/	38486
	=	0.85

Touei Housing's Debt to Equity Ratio for the quarter that ended in Jul. 2013 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
	=	(34078	+	602)	/	40421
	=	0.86

Touei Housing (TSE:8875) 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.

Touei Housing Debt-to-Equity Related Terms

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Touei Housing (TSE:8875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Touei Housing Corporation (TSE:8875) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.touei.co.jp

Touei Housing Corporation is a real estate company. It operates in residential and real estate businesses, with Detached Housing sales business as their core business. Its activities include sale of lots of land, construction contracting among others.

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