JTEC (TSE:3446) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is JTEC Debt-to-Equity?

JTEC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円75 Mil. JTEC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円465 Mil. JTEC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,291 Mil. JTEC's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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

TSE:3446' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.24 Max: 0.44
Current: 0.24

During the past 7 years, the highest Debt-to-Equity Ratio of JTEC was 0.44. The lowest was 0.00. And the median was 0.24.

TSE:3446's Debt-to-Equity is ranked worse than
51.78% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs TSE:3446: 0.24

JTEC Debt-to-Equity Historical Data

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

JTEC Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

0.42

0.30

0.24

JTEC 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															0.36	0.24	0.24	0.24	0.24

Competitive Comparison of JTEC's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, JTEC'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.

JTEC's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, JTEC's Debt-to-Equity distribution charts can be found below:

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

JTEC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JTEC's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(75.456	+	521.963)	/	2478.909
	=	0.24

JTEC'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
	=	(75.456	+	465.371)	/	2291.085
	=	0.24

JTEC (TSE:3446) 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.

JTEC Debt-to-Equity Related Terms

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JTEC (TSE:3446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JTEC Corporation (TSE:3446) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-38 Saito-Yamabuki, Ibaraki-shi, Osaka, JPN, 567-0086

Website

https://www.j-tec.co.jp

JTEC Corporation is engaged in developing, designing, manufacturing and sales of Automated Cell Culture System; X-ray Mirrors for Synchrotron Facilities; and Automated System in various fields. Its products in optical business include Kirkpatrick-Baez (KB) mirror, Advanced KB mirror (1D Wolter mirror), Montel mirror, Ellipsoidal mirror, 2D Walter mirror, Deformable mirror, Multi-channel mirror, X-ray focusing alignment system (JM1000 / 2000 series), Additional mirror shaping improvement, and Mirror coating. Its products in life science include CELLFLOAT products and Automated Cell Culture Systems.

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