Sakurajima Futo Kaisha (TSE:9353) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Sakurajima Futo Kaisha Debt-to-Equity?

Sakurajima Futo Kaisha's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円403 Mil. Sakurajima Futo Kaisha's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,251 Mil. Sakurajima Futo Kaisha's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円6,265 Mil. Sakurajima Futo Kaisha's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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 Sakurajima Futo Kaisha's Debt-to-Equity or its related term are showing as below:

TSE:9353' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.29 Max: 0.42
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Sakurajima Futo Kaisha was 0.42. The lowest was 0.26. And the median was 0.29.

TSE:9353's Debt-to-Equity is ranked better than
70.88% of 893 companies
in the Transportation industry
Industry Median: 0.54 vs TSE:9353: 0.26

Sakurajima Futo Kaisha Debt-to-Equity Historical Data

The historical data trend for Sakurajima Futo Kaisha'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.

Sakurajima Futo Kaisha Debt-to-Equity Chart

Sakurajima Futo Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.42

0.38

0.34

0.27

0.26

Sakurajima Futo Kaisha 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															0.27	0.23	0.21	0.20	0.26

Competitive Comparison of Sakurajima Futo Kaisha's Debt-to-Equity

For the Marine Shipping subindustry, Sakurajima Futo Kaisha'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.

Sakurajima Futo Kaisha's Debt-to-Equity Distribution in the Transportation Industry

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

* The bar in red indicates where Sakurajima Futo Kaisha's Debt-to-Equity falls into.

Sakurajima Futo Kaisha Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sakurajima Futo Kaisha'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
	=	(403.196	+	1251.456)	/	6265.411
	=	0.26

Sakurajima Futo Kaisha'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
	=	(403.196	+	1251.456)	/	6265.411
	=	0.26

Sakurajima Futo Kaisha (TSE:9353) 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.

Sakurajima Futo Kaisha Debt-to-Equity Related Terms

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Sakurajima Futo Kaisha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sakurajima Futo Kaisha Ltd (TSE:9353) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Osaka Konohana-ku, Plum-Cho 1-1-11, Osaka-shi, Osaka, JPN, 554-0032

Website

http://www.sakurajima-futo.co.jp

Sakurajima Futo Kaisha, Ltd is engaged in the port transportation business in Japan. It is involved in handling cargo, such as coal, coke, raw salt, soda ash, alloyed iron, other minerals, etc.; liquid cargo, including petroleum products and petrochemicals; and frozen and refrigerated products comprising frozen food, chilled food, dry goods, etc. The company also provides barge transportation, warehousing, cargo usage transportation, and customs clearing services.

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