MAX Co (TSE:6454) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is MAX Co Debt-to-Equity?

MAX Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,293 Mil. MAX Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円473 Mil. MAX Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円99,815 Mil. MAX Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

TSE:6454' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.04
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of MAX Co was 0.04. The lowest was 0.02. And the median was 0.03.

TSE:6454's Debt-to-Equity is ranked better than
93.91% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6454: 0.02

MAX Co Debt-to-Equity Historical Data

The historical data trend for MAX 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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MAX Co Debt-to-Equity Chart

MAX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

MAX 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															0.03	0.02	0.02	0.02	0.02

Competitive Comparison of MAX Co's Debt-to-Equity

For the Tools & Accessories subindustry, MAX 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.

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

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

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

MAX Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MAX 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
	=	(1293	+	473)	/	99815
	=	0.02

MAX 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
	=	(1293	+	473)	/	99815
	=	0.02

MAX Co (TSE:6454) 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.

MAX Co Debt-to-Equity Related Terms

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

MAX Co (TSE:6454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MAX Co Ltd (TSE:6454) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502

Website

http://www.max-ltd.co.jp

MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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