Mitsubishi Motors (TSE:7211) Debt-to-Equity : 0.49 (As of Dec. 2023)

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What is Mitsubishi Motors Debt-to-Equity?

Mitsubishi Motors's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円352,101 Mil. Mitsubishi Motors's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円97,951 Mil. Mitsubishi Motors's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円917,237 Mil. Mitsubishi Motors's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

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 Mitsubishi Motors's Debt-to-Equity or its related term are showing as below:

TSE:7211' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 0.95
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsubishi Motors was 0.95. The lowest was 0.03. And the median was 0.31.

TSE:7211's Debt-to-Equity is ranked worse than
50.81% of 1179 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:7211: 0.49

Mitsubishi Motors Debt-to-Equity Historical Data

The historical data trend for Mitsubishi Motors'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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Mitsubishi Motors Debt-to-Equity Chart

Mitsubishi Motors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.27

0.39

0.95

0.79

0.54

Mitsubishi Motors 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															0.53	0.54	0.51	0.47	0.49

Competitive Comparison of Mitsubishi Motors's Debt-to-Equity

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.

Mitsubishi Motors's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Debt-to-Equity distribution charts can be found below:

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

Mitsubishi Motors Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsubishi Motors'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
	=	(155447	+	272833)	/	801168
	=	0.53

Mitsubishi Motors'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
	=	(352101	+	97951)	/	917237
	=	0.49

Mitsubishi Motors (TSE:7211) 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.

Mitsubishi Motors Debt-to-Equity Related Terms

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

Mitsubishi Motors (TSE:7211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (TSE:7211) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MMTOF:USA MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.

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