JFE Holdings (TSE:5411) Debt-to-Equity : 0.74 (As of Mar. 2024)

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What is JFE Holdings Debt-to-Equity?

JFE Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円426,428 Mil. JFE Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,403,849 Mil. JFE Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円2,464,128 Mil. JFE Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.74.

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

TSE:5411' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 0.78 Max: 1.12
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of JFE Holdings was 1.12. The lowest was 0.74. And the median was 0.78.

TSE:5411's Debt-to-Equity is ranked worse than
69.53% of 558 companies
in the Steel industry
Industry Median: 0.415 vs TSE:5411: 0.74

JFE Holdings Debt-to-Equity Historical Data

The historical data trend for JFE Holdings'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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JFE Holdings Debt-to-Equity Chart

JFE Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.12

1.08

0.93

0.88

0.74

JFE Holdings 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															0.88	0.95	0.80	0.78	0.74

Competitive Comparison of JFE Holdings's Debt-to-Equity

For the Steel subindustry, JFE Holdings'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.

JFE Holdings's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, JFE Holdings's Debt-to-Equity distribution charts can be found below:

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

JFE Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

JFE Holdings'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
	=	(426428	+	1403849)	/	2464128
	=	0.74

JFE Holdings'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
	=	(426428	+	1403849)	/	2464128
	=	0.74

JFE Holdings (TSE:5411) 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.

JFE Holdings Debt-to-Equity Related Terms

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

JFE Holdings (TSE:5411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JFE Holdings Inc (TSE:5411) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JFEEF:USA JFR:Germany

Address

2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.jfe-holdings.co.jp

JFE Holdings Inc is a Japan-based company operating through three subsidiaries, namely JFE Steel, JFE Engineering and JFE Shoji. JFE Steel produces and sells a wide range of steel products and raw materials, and also operates peripheral businesses such as transporting, maintenance and construction of equipment. JFE Engineering provides engineering services for energy, urban environment, recycle, steel construction and industrial machines and systems. JFE Shoji purchases, processes and sells steel products, raw materials for steel production, nonferrous metal products, food, etc. Steel manufacturing and trading account for majority of JFE's revenue. The company generates most of its sales from the Japanese market.

JFE Holdings (TSE:5411) Headlines

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