Daiichi Jitsugyo Co (TSE:8059) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Daiichi Jitsugyo Co Debt-to-Equity?

Daiichi Jitsugyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,220 Mil. Daiichi Jitsugyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円150 Mil. Daiichi Jitsugyo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円68,706 Mil. Daiichi Jitsugyo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSE:8059' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.31
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Daiichi Jitsugyo Co was 0.31. The lowest was 0.09. And the median was 0.16.

TSE:8059's Debt-to-Equity is ranked better than
76.37% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:8059: 0.09

Daiichi Jitsugyo Co Debt-to-Equity Historical Data

The historical data trend for Daiichi Jitsugyo 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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Daiichi Jitsugyo Co Debt-to-Equity Chart

Daiichi Jitsugyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.16

0.14

0.13

0.09

Daiichi Jitsugyo 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															0.09	0.06	0.05	0.05	0.09

Competitive Comparison of Daiichi Jitsugyo Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Daiichi Jitsugyo 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.

Daiichi Jitsugyo Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Daiichi Jitsugyo Co's Debt-to-Equity distribution charts can be found below:

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

Daiichi Jitsugyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daiichi Jitsugyo 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
	=	(6790	+	120)	/	73396
	=	0.09

Daiichi Jitsugyo 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
	=	(3220	+	150)	/	68706
	=	0.05

Daiichi Jitsugyo Co (TSE:8059) 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.

Daiichi Jitsugyo Co Debt-to-Equity Related Terms

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Daiichi Jitsugyo Co (TSE:8059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiichi Jitsugyo Co Ltd (TSE:8059) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

4-6 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-8222

Website

http://www.djk.co.jp

Daiichi Jitsugyo Co Ltd is a Japan-based machinery manufacturer. Its business operations are divided into five segments including plant and energy business, industrial machinery, electronics, pharmaceuticals, and aviation business. It provides machinery for energy development, plant construction, drug formulation, semiconductors, and special-purpose vehicles and self-defense-related equipment. The company also provides after sales and maintenance services. Daiichi Jitsugyo has network operations in Japan, China, Southeast Asia, India, America And Europe.

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