Mitani Sekisan Co (TSE:5273) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Mitani Sekisan Co Debt-to-Equity?

Mitani Sekisan Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円66 Mil. Mitani Sekisan Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円202 Mil. Mitani Sekisan Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円81,367 Mil. Mitani Sekisan Co's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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

TSE:5273' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Mitani Sekisan Co was 0.03. The lowest was 0.01. And the median was 0.01.

TSE:5273's Debt-to-Equity is ranked better than
99.93% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TSE:5273: 0.01

Mitani Sekisan Co Debt-to-Equity Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Debt-to-Equity Chart

Mitani Sekisan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

Mitani Sekisan Co 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															0.01	-	-	-	0.01

Competitive Comparison of Mitani Sekisan Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Mitani Sekisan 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.

Mitani Sekisan Co's Debt-to-Equity Distribution in the Construction Industry

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

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

Mitani Sekisan Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitani Sekisan Co's Debt to Equity Ratio for the fiscal year 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
	=	(66	+	470)	/	82977
	=	0.01

Mitani Sekisan 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
	=	(66	+	202)	/	81367
	=	0.00

Mitani Sekisan Co (TSE:5273) 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.

Mitani Sekisan Co Debt-to-Equity Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitani Sekisan Co Ltd (TSE:5273) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

Mitani Sekisan Co (TSE:5273) Headlines

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