Harmonic Drive Systems (TSE:6324) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Harmonic Drive Systems Debt-to-Equity?

Harmonic Drive Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,866 Mil. Harmonic Drive Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円20,643 Mil. Harmonic Drive Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円105,855 Mil. Harmonic Drive Systems's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Harmonic Drive Systems's Debt-to-Equity or its related term are showing as below:

TSE:6324' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.29
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Harmonic Drive Systems was 0.29. The lowest was 0.01. And the median was 0.10.

TSE:6324's Debt-to-Equity is ranked better than
56.9% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6324: 0.23

Harmonic Drive Systems Debt-to-Equity Historical Data

The historical data trend for Harmonic Drive Systems'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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Harmonic Drive Systems Debt-to-Equity Chart

Harmonic Drive Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.11

0.09

0.21

0.26

Harmonic Drive Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.26	0.24	0.23	0.23

Competitive Comparison of Harmonic Drive Systems's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Harmonic Drive Systems'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.

Harmonic Drive Systems's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harmonic Drive Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Harmonic Drive Systems's Debt-to-Equity falls into.

Harmonic Drive Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harmonic Drive Systems's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5762.502	+	21603.443)	/	103955.656
	=	0.26

Harmonic Drive Systems'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
	=	(3865.536	+	20642.511)	/	105854.684
	=	0.23

Harmonic Drive Systems (TSE:6324) 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.

Harmonic Drive Systems Debt-to-Equity Related Terms

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

Harmonic Drive Systems (TSE:6324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (TSE:6324) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HSYDF:USA K3R:Germany K3R:Germany

Address

6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013

Website

http://www.hds.co.jp

Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

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