Sanken Electric Co (TSE:6707) Debt-to-Equity : 1.05 (As of Dec. 2023)

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What is Sanken Electric Co Debt-to-Equity?

Sanken Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円42,817 Mil. Sanken Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円86,707 Mil. Sanken Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円123,971 Mil. Sanken Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

TSE:6707' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.37 Max: 2.16
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Sanken Electric Co was 2.16. The lowest was 0.65. And the median was 1.37.

TSE:6707's Debt-to-Equity is ranked worse than
87.26% of 879 companies
in the Semiconductors industry
Industry Median: 0.27 vs TSE:6707: 1.05

Sanken Electric Co Debt-to-Equity Historical Data

The historical data trend for Sanken Electric 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.

* Premium members only.

Sanken Electric Co Debt-to-Equity Chart

Sanken Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.23

1.70

0.84

0.71

0.74

Sanken Electric 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															0.77	0.74	0.67	0.65	1.05

Competitive Comparison of Sanken Electric Co's Debt-to-Equity

For the Semiconductors subindustry, Sanken Electric 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.

Sanken Electric Co's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sanken Electric Co's Debt-to-Equity distribution charts can be found below:

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

Sanken Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanken Electric 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
	=	(41704	+	40384)	/	111092
	=	0.74

Sanken Electric 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
	=	(42817	+	86707)	/	123971
	=	1.04

Sanken Electric Co (TSE:6707) 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.

Sanken Electric Co Debt-to-Equity Related Terms

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Sanken Electric Co (TSE:6707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanken Electric Co Ltd (TSE:6707) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SANJF:USA XSK:Germany XSK:Germany

Address

3-6-3, Kitano, Saitama-ken, Niiza-shi, JPN, 352-8666

Website

https://www.sanken-ele.co.jp

Sanken Electric Co Ltd manufactures, sells, and purchases electric equipment and apparatuses. Its product lineup includes semiconductors, power line filters, inverters, DC power supplies, and other items. Products are offered to the automotive, power supply, LED, and other markets for purposes such as meeting global energy conservation regulations. Semiconductors are the company's leading sales generator and find use in automobiles, home appliances, and industrial automation. In addition to having its equipment manufactured domestically (Japan), and in regions such as North America, the company has stationed sales offices in each region to work with clients and meet specific needs.

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