SAKURA RUBBER Co (TSE:5189) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is SAKURA RUBBER Co Debt-to-Equity?

SAKURA RUBBER Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,619 Mil. SAKURA RUBBER Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,504 Mil. SAKURA RUBBER Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円8,017 Mil. SAKURA RUBBER Co's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 SAKURA RUBBER Co's Debt-to-Equity or its related term are showing as below:

TSE:5189' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.51 Max: 0.86
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of SAKURA RUBBER Co was 0.86. The lowest was 0.38. And the median was 0.51.

TSE:5189's Debt-to-Equity is ranked better than
55.84% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:5189: 0.39

SAKURA RUBBER Co Debt-to-Equity Historical Data

The historical data trend for SAKURA RUBBER 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.

* Premium members only.

SAKURA RUBBER Co Debt-to-Equity Chart

SAKURA RUBBER Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.48

0.44

0.45

0.47

0.40

SAKURA RUBBER 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															0.46	0.40	0.43	0.38	0.39

Competitive Comparison of SAKURA RUBBER Co's Debt-to-Equity

For the Auto Parts subindustry, SAKURA RUBBER 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.

SAKURA RUBBER Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

SAKURA RUBBER Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SAKURA RUBBER 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
	=	(1634.231	+	1472.649)	/	7763.447
	=	0.40

SAKURA RUBBER 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
	=	(1618.767	+	1504.109)	/	8016.671
	=	0.39

SAKURA RUBBER Co (TSE:5189) 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.

SAKURA RUBBER Co Debt-to-Equity Related Terms

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

SAKURA RUBBER Co (TSE:5189) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAKURA RUBBER Co Ltd (TSE:5189) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21-17 Sasazuka, Shibuya-ku, Tokyo, JPN, 151-8587

Website

http://www.sakura-rubber.co.jp

SAKURA RUBBER CO., Ltd. is the Japan-based company which is engaged in the production and sale of rubber products. The company is organised into three principal operating divisions - Fire and Disaster Prevention Division, Aerospace Equipment Division, and Industrial Supplies Division. Fire and Disaster Prevention Division produces and sells various firefighting and disaster prevention goods and rescue equipment. Aerospace Equipment Division produces and sells aircraft brackets, hoses, and rubber parts. Industrial Supplies Division manufactures and sells various tank seals, water stoppers for dams and floodgates, high-pressure hoses, and various rubber parts.

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