Tokyo Steel Manufacturing Co (TSE:5423) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Tokyo Steel Manufacturing Co Debt-to-Equity?

Tokyo Steel Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円22 Mil. Tokyo Steel Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Tokyo Steel Manufacturing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円196,649 Mil. Tokyo Steel Manufacturing 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 Tokyo Steel Manufacturing 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 Tokyo Steel Manufacturing Co was 0.23. The lowest was 0.00. And the median was 0.01.

TSE:5423's Debt-to-Equity is not ranked ^*
in the Steel industry.
Industry Median: 0.42
* Ranked among companies with meaningful Debt-to-Equity only.

Tokyo Steel Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Tokyo Steel Manufacturing 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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Tokyo Steel Manufacturing Co Debt-to-Equity Chart

Tokyo Steel Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.01

0.02

0.01

Tokyo Steel Manufacturing 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 Tokyo Steel Manufacturing Co's Debt-to-Equity

For the Steel subindustry, Tokyo Steel Manufacturing 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.

Tokyo Steel Manufacturing Co's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Tokyo Steel Manufacturing Co's Debt-to-Equity falls into.

Tokyo Steel Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyo Steel Manufacturing 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
	=	(0	+	0)	/	203907
	=	0.00

Tokyo Steel Manufacturing 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
	=	(22	+	0)	/	196649
	=	0.00

Tokyo Steel Manufacturing Co (TSE:5423) 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.

Tokyo Steel Manufacturing Co Debt-to-Equity Related Terms

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Tokyo Steel Manufacturing Co (TSE:5423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tokyo Steel Manufacturing Co Ltd (TSE:5423) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kasumigaseki-Tokyu Bldg 15th Floor,, 3-7-1, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 1000013

Website

http://www.tokyosteel.co.jp

Tokyo Steel Manufacturing Co Ltd is a Japan-based company primarily engaged in production of long steel products and flat steel products. The company's long product portfolio comprises H beams, sheet piles, I-beams, checkered H-beams, channels, and reinforcing bars. The company's flat product portfolio consists of heavy plates, hot-rolled coils, pickled and oiled coils, hot-dip galvanized coils, checkered coils, and steel sheets. These products are used in broad range of applications, including construction, civil engineering, industrial equipment, plant equipment, bridge, and shipbuilding. The company has four plants located in Tahara, Okayama, Kyushu, and Utsunomiya. Tokyo Steel Manufacturing generates most of its revenue from the Japanese domestic market.

Tokyo Steel Manufacturing Co (TSE:5423) Headlines

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