Toei Co (TSE:9605) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Toei Co Debt-to-Equity?

Toei Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,772 Mil. Toei Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円13,081 Mil. Toei Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円226,232 Mil. Toei Co's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

TSE:9605' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.09 Max: 0.2
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Toei Co was 0.20. The lowest was 0.06. And the median was 0.09.

TSE:9605's Debt-to-Equity is ranked better than
79.66% of 831 companies
in the Media - Diversified industry
Industry Median: 0.29 vs TSE:9605: 0.06

Toei Co Debt-to-Equity Historical Data

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

Toei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.06

0.10

0.09

0.07

0.06

Toei 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															0.07	0.08	0.07	0.07	0.06

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

For the Entertainment subindustry, Toei 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.

Toei Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toei Co's Debt-to-Equity distribution charts can be found below:

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

Toei Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toei 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
	=	(1447	+	12779)	/	236450
	=	0.06

Toei 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
	=	(2772	+	13081)	/	226232
	=	0.07

Toei Co (TSE:9605) 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.

Toei Co Debt-to-Equity Related Terms

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

Toei Co (TSE:9605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toei Co Ltd (TSE:9605) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-2-17 Ginza, Chuo-ku, Tokyo, JPN, 104-8108

Website

http://www.toei.co.jp

Toei Co Ltd engaged in the production of theatrical movies, TV dramas, direct-to-video productions, and anime, as well as a diverse range of businesses based on film production. The company releases both domestic and foreign movies, including its own films directly managed theaters and cinema complexes operated by the subsidiary T-Joy Co., Ltd. It also offers a digital cinema system providing packaged video software, such as DVD and Blu-ray discs. Its video distribution services engage in the sales of content to distribution media and the distribution of movies on iTunes in Japan. It operates more than ten official mobile websites via three major carriers namely NTT DOCOMO, au, and SoftBank.

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