Yutaka Giken Co (TSE:7229) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Yutaka Giken Co Debt-to-Equity?

Yutaka Giken Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,993 Mil. Yutaka Giken Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円89 Mil. Yutaka Giken Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円93,982 Mil. Yutaka Giken Co's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

TSE:7229' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.15 Max: 0.37
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Yutaka Giken Co was 0.37. The lowest was 0.03. And the median was 0.15.

TSE:7229's Debt-to-Equity is ranked better than
95.06% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:7229: 0.03

Yutaka Giken Co Debt-to-Equity Historical Data

The historical data trend for Yutaka Giken 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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Yutaka Giken Co Debt-to-Equity Chart

Yutaka Giken Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.15

0.12

0.14

0.13

0.08

Yutaka Giken 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															0.09	0.08	0.08	0.05	0.03

Competitive Comparison of Yutaka Giken Co's Debt-to-Equity

For the Auto Parts subindustry, Yutaka Giken 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.

Yutaka Giken Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Yutaka Giken Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yutaka Giken 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
	=	(6294	+	290)	/	88176
	=	0.07

Yutaka Giken 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
	=	(2993	+	89)	/	93982
	=	0.03

Yutaka Giken Co (TSE:7229) 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.

Yutaka Giken Co Debt-to-Equity Related Terms

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Yutaka Giken Co (TSE:7229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yutaka Giken Co Ltd (TSE:7229) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

508-1, Yutaka-cho, Higashi-ku, Shizuoka Prefecture, Hamamatsu, JPN, 431 3194

Website

http://www.yutakagiken.co.jp

Yutaka Giken Co., Ltd. is a Japanese based auto parts manufacturer. The company is engaged in the manufacturing and sale of automobile components. Its product line includes drive system products, exhaust system products, and braking system products including torque converters, catalytic converters, mufflers, exhaust manifolds, silencer, a heat collector, and exhaust manifold.

Yutaka Giken Co (TSE:7229) Headlines

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