P.S. Mitsubishi Construction Co (TSE:1871) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is P.S. Mitsubishi Construction Co Debt-to-Equity?

P.S. Mitsubishi Construction Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,008 Mil. P.S. Mitsubishi Construction Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,150 Mil. P.S. Mitsubishi Construction Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円49,337 Mil. P.S. Mitsubishi Construction Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 P.S. Mitsubishi Construction Co's Debt-to-Equity or its related term are showing as below:

TSE:1871' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.36 Max: 0.84
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of P.S. Mitsubishi Construction Co was 0.84. The lowest was 0.12. And the median was 0.36.

TSE:1871's Debt-to-Equity is ranked better than
51.98% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1871: 0.41

P.S. Mitsubishi Construction Co Debt-to-Equity Historical Data

The historical data trend for P.S. Mitsubishi Construction 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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P.S. Mitsubishi Construction Co Debt-to-Equity Chart

P.S. Mitsubishi Construction Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.28

0.25

0.22

0.62

P.S. Mitsubishi Construction 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															0.55	0.62	0.37	0.36	0.41

Competitive Comparison of P.S. Mitsubishi Construction Co's Debt-to-Equity

For the Engineering & Construction subindustry, P.S. Mitsubishi Construction 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.

P.S. Mitsubishi Construction Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, P.S. Mitsubishi Construction Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where P.S. Mitsubishi Construction Co's Debt-to-Equity falls into.

P.S. Mitsubishi Construction Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

P.S. Mitsubishi Construction 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
	=	(26493	+	3400)	/	47870
	=	0.62

P.S. Mitsubishi Construction 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
	=	(11008	+	9150)	/	49337
	=	0.41

P.S. Mitsubishi Construction Co (TSE:1871) 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.

P.S. Mitsubishi Construction Co Debt-to-Equity Related Terms

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

P.S. Mitsubishi Construction Co (TSE:1871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » P.S. Mitsubishi Construction Co Ltd (TSE:1871) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-5-24 Harumi, 3rd Floor, Harumi Center Building, Chuo-ku, Tokyo, JPN, 104-8215

Website

http://www.psmic.co.jp

P.S. Mitsubishi Construction Co. Ltd. engages in business of civil engineering and building construction services. The company also maintains and repairs civil engineering and building structures; manufactures and sells prestressed and pre-cast concrete products, as well as produces and sells their manufacturing tools and attachments; and designs, manufactures, sells, and leases machines, equipment, and apparatus for prestressed concrete construction and other construction works. In addition, it is involved in the mineral mining and contract activities; purchase, sale, lease, brokerage, ownership, and management of real estate properties; freight and storage businesses; and provision of liability, life, and auto insurance agency services.

P.S. Mitsubishi Construction Co (TSE:1871) Headlines

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