Tomoku Co (TSE:3946) Debt-to-Equity : 0.87 (As of Dec. 2023)

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What is Tomoku Co Debt-to-Equity?

Tomoku Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円29,497 Mil. Tomoku Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円43,726 Mil. Tomoku Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円83,977 Mil. Tomoku Co's debt to equity for the quarter that ended in Dec. 2023 was 0.87.

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

TSE:3946' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 0.84 Max: 0.89
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Tomoku Co was 0.89. The lowest was 0.65. And the median was 0.84.

TSE:3946's Debt-to-Equity is ranked worse than
73.91% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs TSE:3946: 0.82

Tomoku Co Debt-to-Equity Historical Data

The historical data trend for Tomoku 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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Tomoku Co Debt-to-Equity Chart

Tomoku Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.65

0.87

0.89

0.87

0.82

Tomoku 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															0.87	0.87	0.90	0.87	0.82

Competitive Comparison of Tomoku Co's Debt-to-Equity

For the Packaging & Containers subindustry, Tomoku 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.

Tomoku Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tomoku Co's Debt-to-Equity distribution charts can be found below:

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

Tomoku Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tomoku 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
	=	(25621	+	47355)	/	88622
	=	0.82

Tomoku 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
	=	(29497	+	43726)	/	83977
	=	0.87

Tomoku Co (TSE:3946) 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.

Tomoku Co Debt-to-Equity Related Terms

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Tomoku Co (TSE:3946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tomoku Co Ltd (TSE:3946) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-2 Marunouchi, 4th Floor Marunouchi Mitsui Building, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.tomoku.co.jp

Tomoku Co Ltd engages in the manufacture and sale of corrugated paper, corrugated paper containers, and printed paper packaging materials. It also deals with the manufacture and sale of Swedish-made housing. The firm provides corrugated sheets, cardboard cases, and printing paper containers. Its Housing business handles the design, construction, and supervision of detached houses. The Transportation and Warehousing business include freight forwarding and warehousing businesses.

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