Toho Gas Co (TSE:9533) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Toho Gas Co Debt-to-Equity?

Toho Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,430 Mil. Toho Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円117,508 Mil. Toho Gas Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円437,427 Mil. Toho Gas Co's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

TSE:9533' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.34 Max: 0.47
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Toho Gas Co was 0.47. The lowest was 0.26. And the median was 0.34.

TSE:9533's Debt-to-Equity is ranked better than
77.41% of 478 companies
in the Utilities - Regulated industry
Industry Median: 0.84 vs TSE:9533: 0.28

Toho Gas Co Debt-to-Equity Historical Data

The historical data trend for Toho Gas 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.

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Toho Gas Co Debt-to-Equity Chart

Toho Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.35

0.34

0.27

0.29

0.28

Toho Gas Co 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															0.29	0.28	0.27	0.27	0.28

Competitive Comparison of Toho Gas Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Toho Gas 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.

Toho Gas Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toho Gas Co's Debt-to-Equity distribution charts can be found below:

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

Toho Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toho Gas Co'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
	=	(2088	+	127783)	/	456851
	=	0.28

Toho Gas 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
	=	(2430	+	117508)	/	437427
	=	0.27

Toho Gas Co (TSE:9533) 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.

Toho Gas Co Debt-to-Equity Related Terms

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

Toho Gas Co (TSE:9533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Toho Gas Co Ltd (TSE:9533) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

59W:Germany

Address

19-18,Sakurada-cho, Atsuta-ku, Nagoya, JPN, 456-8511

Website

https://www.tohogas.co.jp

Toho Gas Co Ltd is a Japanese natural gas provider operating in the Tokai region of the Japanese island of Honshu. Toho Gas is mainly involved in the supply and distribution of natural gas and liquefied petroleum gas, or LPG, to urban areas within Tokai. The company segments its operations into Gas Sales, Gas Appliance Sales and Related Construction, and LPG and Other Energies business units. Toho Gas's Gas Sales division derives the vast majority of the company's total revenue from the sale and supply of natural gas to the many manufacturing plants and industrial customers that inhabit its home region. The company's sales of LPG and thermal energy to mainly industrial consumers also represent a significant revenue stream. Toho Gas is one of the largest city gas providers in Japan.

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