IHI (TSE:7013) Debt-to-Equity : 2.73 (As of Dec. 2023)

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What is IHI Debt-to-Equity?

IHI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円511,039 Mil. IHI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円355,265 Mil. IHI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円317,959 Mil. IHI's debt to equity for the quarter that ended in Dec. 2023 was 2.72.

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

TSE:7013' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.97 Med: 1.23 Max: 2.83
Current: 2.73

During the past 13 years, the highest Debt-to-Equity Ratio of IHI was 2.83. The lowest was 0.97. And the median was 1.23.

TSE:7013's Debt-to-Equity is ranked worse than
97.63% of 2620 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:7013: 2.73

IHI Debt-to-Equity Historical Data

The historical data trend for IHI'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.

* Premium members only.

IHI Debt-to-Equity Chart

IHI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.60

2.19

2.02

1.32

1.21

IHI 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															1.43	1.21	1.33	2.83	2.73

Competitive Comparison of IHI's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, IHI'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.

IHI's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

IHI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IHI'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
	=	(157096	+	362392)	/	431245
	=	1.20

IHI'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
	=	(511039	+	355265)	/	317959
	=	2.72

IHI (TSE:7013) 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.

IHI Debt-to-Equity Related Terms

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

IHI (TSE:7013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IHI Corp (TSE:7013) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IHICY:USA IHICF:USA IWJ:Germany

Address

1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710

Website

http://www.ihi.co.jp

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

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