Toyo Tire (TSE:5105) Debt-to-Equity : 0.21 (As of Mar. 2024)

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What is Toyo Tire Debt-to-Equity?

Toyo Tire's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円18,311 Mil. Toyo Tire's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円70,783 Mil. Toyo Tire's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円419,224 Mil. Toyo Tire's debt to equity for the quarter that ended in Mar. 2024 was 0.21.

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

TSE:5105' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.6 Max: 1.05
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Tire was 1.05. The lowest was 0.21. And the median was 0.60.

TSE:5105's Debt-to-Equity is ranked better than
72.09% of 1175 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:5105: 0.21

Toyo Tire Debt-to-Equity Historical Data

The historical data trend for Toyo Tire'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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Toyo Tire Debt-to-Equity Chart

Toyo Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.49

0.45

0.40

0.21

Toyo Tire 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															0.44	0.35	0.29	0.21	0.21

Competitive Comparison of Toyo Tire's Debt-to-Equity

For the Auto Parts subindustry, Toyo Tire'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.

Toyo Tire's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyo Tire's Debt-to-Equity distribution charts can be found below:

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

Toyo Tire Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyo Tire's Debt to Equity Ratio for the fiscal year 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
	=	(11653	+	70992)	/	395199
	=	0.21

Toyo Tire'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
	=	(18311	+	70783)	/	419224
	=	0.21

Toyo Tire (TSE:5105) 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.

Toyo Tire Debt-to-Equity Related Terms

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Toyo Tire (TSE:5105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyo Tire Corp (TSE:5105) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TOTTF:USA

Address

2-2-13 Fujinoki, Hyogo, Itami, JPN, 664-0847

Website

https://www.toyotires.co.jp

Toyo Tire Corp manufactures and sells tires, rubber tubes, industrial rubber, polyurethane products, and automotive parts. The majority of the company's revenue is amassed through Japanese and North American sales. Toyo Tire & Rubber's tires are developed through micro-level research and analysis. Optimal tire performance is gained through proprietary nano-level blending techniques that provide uniform polymer dispersion. Additional enhancements are gained through driving simulation and propriety T mode simulation. Simulation testing methods enable the company to monitor tire behavior and construction under various situations.

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