Daido Metal Co (TSE:7245) Debt-to-Equity : 0.92 (As of Mar. 2024)

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What is Daido Metal Co Debt-to-Equity?

Daido Metal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円40,894 Mil. Daido Metal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円22,486 Mil. Daido Metal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円68,817 Mil. Daido Metal Co's debt to equity for the quarter that ended in Mar. 2024 was 0.92.

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

TSE:7245' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.03 Max: 1.4
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Daido Metal Co was 1.40. The lowest was 0.71. And the median was 1.03.

TSE:7245's Debt-to-Equity is ranked worse than
71.7% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:7245: 0.92

Daido Metal Co Debt-to-Equity Historical Data

The historical data trend for Daido Metal 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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Daido Metal Co Debt-to-Equity Chart

Daido Metal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.07

1.04

0.95

1.01

0.92

Daido Metal 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															1.01	1.01	0.98	0.97	0.92

Competitive Comparison of Daido Metal Co's Debt-to-Equity

For the Auto Parts subindustry, Daido Metal 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.

Daido Metal Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

Daido Metal Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daido Metal 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
	=	(40894	+	22486)	/	68817
	=	0.92

Daido Metal 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
	=	(40894	+	22486)	/	68817
	=	0.92

Daido Metal Co (TSE:7245) 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.

Daido Metal Co Debt-to-Equity Related Terms

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Daido Metal Co (TSE:7245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Daido Metal Co Ltd (TSE:7245) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

17th Floor, Tennozu Central Tower 2-2-24, Higashi Shinagawa, Shinagawa-Ku, Tokyo, JPN, 140-0002

Website

http://www.daidometal.com

Daido Metal Co Ltd manufactures and sells a variety of bearings including automobile engine bearings and large ship engine bearings. The company has a production and sales network in the five-hub system of Japan, North America, Europe, Asia, and China. It manufactures bearings for trucks, construction and agricultural machinery, and bearings for automobile parts such as turbochargers and shock absorbers. Its products portfolio includes metal-polymer bearings, metallic bearings, engine bearing, turbomachinery bearing systems, modular products, pump, centralized lubrication, capacitors and semi-dry processing which are used in including automotive, marine, construction machinery, agricultural machines, industrial, energy, infrastructure and transportation, leisure, and household appliances.

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