Shinko Electric Industries Co (TSE:6967) Debt-to-Equity : 0.11 (As of Mar. 2024)

View and export this data going back to 1984. Start your Free Trial

What is Shinko Electric Industries Co Debt-to-Equity?

Shinko Electric Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円30,000 Mil. Shinko Electric Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円0 Mil. Shinko Electric Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円264,977 Mil. Shinko Electric Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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

TSE:6967' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.16
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Shinko Electric Industries Co was 0.16. The lowest was 0.00. And the median was 0.06.

TSE:6967's Debt-to-Equity is ranked better than
68.49% of 879 companies
in the Semiconductors industry
Industry Median: 0.27 vs TSE:6967: 0.11

Shinko Electric Industries Co Debt-to-Equity Historical Data

The historical data trend for Shinko Electric Industries 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.

Shinko Electric Industries Co Debt-to-Equity Chart

Shinko Electric Industries Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.15

0.16

0.15

0.12

0.11

Shinko Electric Industries 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															0.12	0.12	0.12	0.12	0.11

Competitive Comparison of Shinko Electric Industries Co's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, Shinko Electric Industries 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.

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

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

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

Shinko Electric Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinko Electric Industries 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
	=	(30000	+	0)	/	264977
	=	0.11

Shinko Electric Industries 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
	=	(30000	+	0)	/	264977
	=	0.11

Shinko Electric Industries Co (TSE:6967) 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.

Shinko Electric Industries Co Debt-to-Equity Related Terms

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

Shinko Electric Industries Co (TSE:6967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shinko Electric Industries Co Ltd (TSE:6967) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SKS:Germany

Address

80, Oshimada-machi, Nagano-shi, Nagano, JPN, 381-2287

Website

http://www.shinko.co.jp

Shinko Electric Industries Co Ltd is an integrated manufacturer of semiconductor packages. It houses eight core technologies that include hermetic seal technology, ceramic technology, multilayer build-up technology, integrated circuit assembly technology, and many others. Integrated circuit packages are the leading revenue generator, but hermetic seal tech is the traditional offering from Shinko. It connects glass and ceramics to various metals and is used in areas such as semiconductor lasers, and sensors for in-car use. The company also produces simulation technology that encompasses signal and power integrity of high-speed transmission lines and other solutions needed for high-performance semiconductor packages. Offices are located globally to serve a host of different industries.

Shinko Electric Industries Co (TSE:6967) Headlines

No Headlines