IJTT Co (TSE:7315) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is IJTT Co Debt-to-Equity?

IJTT Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,360 Mil. IJTT Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円530 Mil. IJTT Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円82,681 Mil. IJTT Co's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

TSE:7315' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.39
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of IJTT Co was 0.39. The lowest was 0.02. And the median was 0.12.

TSE:7315's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs TSE:7315: 0.13

IJTT Co Debt-to-Equity Historical Data

The historical data trend for IJTT 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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IJTT Co Debt-to-Equity Chart

IJTT Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.06

0.02

0.07

0.06

0.11

IJTT 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															0.06	0.11	0.12	0.14	0.13

Competitive Comparison of IJTT Co's Debt-to-Equity

For the Auto Parts subindustry, IJTT 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.

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

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

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

IJTT Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IJTT 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
	=	(7408	+	1648)	/	79872
	=	0.11

IJTT 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
	=	(10360	+	530)	/	82681
	=	0.13

IJTT Co (TSE:7315) 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.

IJTT Co Debt-to-Equity Related Terms

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IJTT Co (TSE:7315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IJTT Co Ltd (TSE:7315) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Kanagawa-ku Kinkocho 1: 7, Kanagawa Prefecture, Yokohama Diamond Building, 18th Floor, Yokohama-shi, JPN

Website

https://www.ijtt.co.jp

IJTT Co Ltd engages in the management of its subsidiaries which manufacture and sell truck, industrial vehicles, and construction machinery parts. Its products include automobile-related products, including cylinder blocks and heads, exhaust manifolds, and hub and drum assemblies; construction equipment vehicles and industrial vehicles related products, such as differential carrier assemblies, control valve bodies, and rear covers; propeller shafts; power take off components; engine parts comprising flywheels, drive plates, and ring gears; and crankshafts, I-beams, and axle shafts.

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