Japan Cash Machine Co (TSE:6418) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is Japan Cash Machine Co Debt-to-Equity?

Japan Cash Machine Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円600 Mil. Japan Cash Machine Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,900 Mil. Japan Cash Machine Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円30,391 Mil. Japan Cash Machine Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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 Japan Cash Machine Co's Debt-to-Equity or its related term are showing as below:

TSE:6418' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.16 Max: 0.23
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Japan Cash Machine Co was 0.23. The lowest was 0.00. And the median was 0.16.

TSE:6418's Debt-to-Equity is ranked better than
71.21% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6418: 0.12

Japan Cash Machine Co Debt-to-Equity Historical Data

The historical data trend for Japan Cash Machine 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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Japan Cash Machine Co Debt-to-Equity Chart

Japan Cash Machine Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.20

0.22

0.16

Japan Cash Machine 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															0.15	0.16	0.14	0.13	0.12

Competitive Comparison of Japan Cash Machine Co's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Japan Cash Machine 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.

Japan Cash Machine Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

* The bar in red indicates where Japan Cash Machine Co's Debt-to-Equity falls into.

Japan Cash Machine Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Japan Cash Machine 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
	=	(680.242	+	3673.125)	/	27163.391
	=	0.16

Japan Cash Machine 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
	=	(600	+	2900)	/	30391.269
	=	0.12

Japan Cash Machine Co (TSE:6418) 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.

Japan Cash Machine Co Debt-to-Equity Related Terms

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Japan Cash Machine Co (TSE:6418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Cash Machine Co Ltd (TSE:6418) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-15 Nishiwaki, Hirano-ku, Osaka, JPN, 547-0035

Website

http://www.jcm-hq.co.jp

Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.

Japan Cash Machine Co (TSE:6418) Headlines

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