Toyo Engineering (TSE:6330) Debt-to-Equity : 0.65 (As of Dec. 2023)

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What is Toyo Engineering Debt-to-Equity?

Toyo Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円14,002 Mil. Toyo Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円21,298 Mil. Toyo Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円54,669 Mil. Toyo Engineering's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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 Toyo Engineering's Debt-to-Equity or its related term are showing as below:

TSE:6330' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.72 Max: 1.23
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Engineering was 1.23. The lowest was 0.56. And the median was 0.72.

TSE:6330's Debt-to-Equity is ranked worse than
57.81% of 1517 companies
in the Construction industry
Industry Median: 0.44 vs TSE:6330: 0.56

Toyo Engineering Debt-to-Equity Historical Data

The historical data trend for Toyo Engineering'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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Toyo Engineering Debt-to-Equity Chart

Toyo Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.76

0.70

0.82

0.74

0.56

Toyo Engineering 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															0.74	0.69	0.65	0.65	0.56

Competitive Comparison of Toyo Engineering's Debt-to-Equity

For the Engineering & Construction subindustry, Toyo Engineering'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.

Toyo Engineering's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toyo Engineering's Debt-to-Equity distribution charts can be found below:

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

Toyo Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyo Engineering'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
	=	(17106	+	18651)	/	63935
	=	0.56

Toyo Engineering'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
	=	(14002	+	21298)	/	54669
	=	0.65

Toyo Engineering (TSE:6330) 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.

Toyo Engineering Debt-to-Equity Related Terms

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Toyo Engineering (TSE:6330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toyo Engineering Corp (TSE:6330) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6AE:Germany

Address

2-8-1 Akanehama Narashino-shi, Chiba, JPN

Website

http://www.toyo-eng.co.jp

Toyo Engineering provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.

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