MISUMI Group (TSE:9962) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is MISUMI Group Debt-to-Equity?

MISUMI Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,784 Mil. MISUMI Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円5,034 Mil. MISUMI Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円346,601 Mil. MISUMI Group's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

TSE:9962' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 0.1
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of MISUMI Group was 0.10. The lowest was 0.00. And the median was 0.07.

TSE:9962's Debt-to-Equity is ranked better than
93.51% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:9962: 0.02

MISUMI Group Debt-to-Equity Historical Data

The historical data trend for MISUMI Group'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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MISUMI Group Debt-to-Equity Chart

MISUMI Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

0.03

0.02

MISUMI Group 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															0.03	-	-	-	0.02

Competitive Comparison of MISUMI Group's Debt-to-Equity

For the Tools & Accessories subindustry, MISUMI Group'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.

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

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

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

MISUMI Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MISUMI Group'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
	=	(1784	+	5034)	/	346601
	=	0.02

MISUMI Group's Debt to Equity Ratio for the quarter 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
	=	(1784	+	5034)	/	346601
	=	0.02

MISUMI Group (TSE:9962) 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.

MISUMI Group Debt-to-Equity Related Terms

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MISUMI Group (TSE:9962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (TSE:9962) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MSSMY:USA MSUXF:USA MS3:Germany

Address

Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583

Website

http://www.misumi.co.jp

MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

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