Toyo Tanso Co (TSE:5310) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Toyo Tanso Co Debt-to-Equity?

Toyo Tanso Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil. Toyo Tanso Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil. Toyo Tanso Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円85,571 Mil. Toyo Tanso Co's debt to equity for the quarter that ended in Mar. 2024 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 Toyo Tanso Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Toyo Tanso Co was 0.11. The lowest was 0.00. And the median was 0.01.

TSE:5310's Debt-to-Equity is not ranked ^*
in the Industrial Products industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Toyo Tanso Co Debt-to-Equity Historical Data

The historical data trend for Toyo Tanso 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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Toyo Tanso Co Debt-to-Equity Chart

Toyo Tanso Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Toyo Tanso 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															-	-	-	-	-

Competitive Comparison of Toyo Tanso Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Toyo Tanso 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.

Toyo Tanso Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Toyo Tanso Co's Debt-to-Equity distribution charts can be found below:

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

Toyo Tanso Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toyo Tanso Co'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
	=	(0	+	0)	/	84469
	=	0.00

Toyo Tanso Co'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
	=	(0	+	0)	/	85571
	=	0.00

Toyo Tanso Co (TSE:5310) 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 Tanso Co Debt-to-Equity Related Terms

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Toyo Tanso Co (TSE:5310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Toyo Tanso Co Ltd (TSE:5310) » Definitions » Debt-to-Equity

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T9T:Germany

Address

Nishiyodogawa ku Takeshima 5-7-12, Osaka, JPN, 555-0011

Website

http://www.toyotanso.co.jp

Toyo Tanso Co Ltd is a Japanese corporation engaged in the manufacture of electronic materials such as special graphite and other carbon products which are employed in processes like single crystal silicon pulling furnaces, heaters, and metal-organic chemical vapor deposition devices. Its portfolio of carbon products includes bearings for pumps and compressors, sealing materials, pantograph sliders, automobile parts, carbon brushes and motor brushes. Toyo attends to various industries ranging from the living space to advanced aerospace and medical fields such as aerospace and medical care, especially solar cells, nuclear power and other environmental and energy fields.

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