Taikisha (TSE:1979) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Taikisha Debt-to-Equity?

Taikisha's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,983 Mil. Taikisha's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円166 Mil. Taikisha's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円135,695 Mil. Taikisha's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSE:1979' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.19
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Taikisha was 0.19. The lowest was 0.02. And the median was 0.09.

TSE:1979's Debt-to-Equity is ranked better than
93.25% of 1511 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1979: 0.03

Taikisha Debt-to-Equity Historical Data

The historical data trend for Taikisha'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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Taikisha Debt-to-Equity Chart

Taikisha Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.13

0.08

0.09

0.17

0.02

Taikisha 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															0.02	0.02	0.02	0.03	0.03

Competitive Comparison of Taikisha's Debt-to-Equity

For the Building Products & Equipment subindustry, Taikisha'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.

Taikisha's Debt-to-Equity Distribution in the Construction Industry

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

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

Taikisha Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Taikisha'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
	=	(2942	+	98)	/	125790
	=	0.02

Taikisha'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
	=	(3983	+	166)	/	135695
	=	0.03

Taikisha (TSE:1979) 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.

Taikisha Debt-to-Equity Related Terms

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Taikisha (TSE:1979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taikisha Ltd (TSE:1979) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-17-1, Nishi-Shinjuku Shinjuku-ku, Sumitomo Fudosan Shinjuku Grand Tower, Tokyo, JPN, 160-6129

Website

http://www.taikisha.co.jp

Taikisha Ltd is a Japan-based company that primarily operates through two segments. The green technology system division primarily designs, manages, and constructs heating, ventilation, and air conditioning systems for office buildings, and also industrial HVAC systems for manufacturing facilities and laboratories. Besides HVAC systems, this segment manufactures and distributes related equipment. The paint finishing system segment primarily designs, manages and constructs automobile painting plants and distributes related equipment. The company has a global presence, with Japan, North America, and Southeast Asia being its top three markets.

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