Foster Electric Co (TSE:6794) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is Foster Electric Co Debt-to-Equity?

Foster Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円12,686 Mil. Foster Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,542 Mil. Foster Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円56,097 Mil. Foster Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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

TSE:6794' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.23 Max: 0.65
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Foster Electric Co was 0.65. The lowest was 0.10. And the median was 0.23.

TSE:6794's Debt-to-Equity is ranked worse than
52.02% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6794: 0.31

Foster Electric Co Debt-to-Equity Historical Data

The historical data trend for Foster Electric 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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Foster Electric Co Debt-to-Equity Chart

Foster Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.27

0.12

0.10

0.28

0.34

Foster Electric Co 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															0.44	0.34	0.30	0.24	0.31

Competitive Comparison of Foster Electric Co's Debt-to-Equity

For the Consumer Electronics subindustry, Foster Electric 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.

Foster Electric Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Foster Electric Co's Debt-to-Equity distribution charts can be found below:

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

Foster Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foster Electric Co'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
	=	(17456	+	0)	/	51095
	=	0.34

Foster Electric 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
	=	(12686	+	4542)	/	56097
	=	0.31

Foster Electric Co (TSE:6794) 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.

Foster Electric Co Debt-to-Equity Related Terms

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Foster Electric Co (TSE:6794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foster Electric Co Ltd (TSE:6794) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550

Website

http://www.foster.co.jp

Foster Electric is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.

Foster Electric Co (TSE:6794) Headlines

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