Mitsubishi Logistics (TSE:9301) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Mitsubishi Logistics Debt-to-Equity?

Mitsubishi Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円37,948 Mil. Mitsubishi Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円79,414 Mil. Mitsubishi Logistics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円405,425 Mil. Mitsubishi Logistics's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Mitsubishi Logistics's Debt-to-Equity or its related term are showing as below:

TSE:9301' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.29 Max: 0.34
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsubishi Logistics was 0.34. The lowest was 0.24. And the median was 0.29.

TSE:9301's Debt-to-Equity is ranked better than
68.97% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs TSE:9301: 0.29

Mitsubishi Logistics Debt-to-Equity Historical Data

The historical data trend for Mitsubishi Logistics'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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Mitsubishi Logistics Debt-to-Equity Chart

Mitsubishi Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.34

0.33

0.30

0.29

Mitsubishi Logistics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.28	0.32	0.31	0.29

Competitive Comparison of Mitsubishi Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Mitsubishi Logistics'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.

Mitsubishi Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mitsubishi Logistics's Debt-to-Equity distribution charts can be found below:

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

Mitsubishi Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsubishi Logistics's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(37948	+	79414)	/	405425
	=	0.29

Mitsubishi Logistics's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(37948	+	79414)	/	405425
	=	0.29

Mitsubishi Logistics (TSE:9301) 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.

Mitsubishi Logistics Debt-to-Equity Related Terms

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

Mitsubishi Logistics (TSE:9301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsubishi Logistics Corp (TSE:9301) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MIB:Germany

Address

19-1, Nihonbashi, Nihonbashi Dia Building, 1-chome Chuo-ku, Tokyo, JPN, 103-8630

Website

http://www.mitsubishi-logistics.co.jp

Mitsubishi Logistics Corp is a logistics and real estate investment company, domiciled in Japan. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and lease office buildings and other commercial real estates. Mitsubishi Logistics derives the vast majority of revenue domestically.

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