Siix (TSE:7613) Debt-to-Equity : 0.68 (As of Mar. 2024)

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What is Siix Debt-to-Equity?

Siix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円32,020 Mil. Siix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円31,520 Mil. Siix's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円93,532 Mil. Siix's debt to equity for the quarter that ended in Mar. 2024 was 0.68.

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

TSE:7613' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.65 Max: 0.84
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Siix was 0.84. The lowest was 0.30. And the median was 0.65.

TSE:7613's Debt-to-Equity is ranked worse than
76.08% of 2195 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:7613: 0.68

Siix Debt-to-Equity Historical Data

The historical data trend for Siix'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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Siix Debt-to-Equity Chart

Siix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.74

0.82

0.76

0.80

0.68

Siix 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															0.79	0.75	0.71	0.68	0.68

Competitive Comparison of Siix's Debt-to-Equity

For the Electronic Components subindustry, Siix'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.

Siix's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Siix's Debt-to-Equity distribution charts can be found below:

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

Siix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siix's Debt to Equity Ratio for the fiscal year 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
	=	(28103	+	32139)	/	89098
	=	0.68

Siix'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
	=	(32020	+	31520)	/	93532
	=	0.68

Siix (TSE:7613) 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.

Siix Debt-to-Equity Related Terms

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

Siix (TSE:7613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Siix Corp (TSE:7613) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-49 Bigocho, Chuo-ku, Osaka, JPN, 541-0051

Website

http://www.siix.co.jp

Siix Corp is an electronic components company that creates parts and devices. The company has five business segments, four of which are classified by region, instead of product type. These segments include Electronics (Japan), Electronic (Asia), Electronics (Europe), Electronics (Americas), and Others. The Electronics business segments sell electronic circuits, liquid crystal displays, home appliances, audio devices, automobile equipment, and industrial equipment. The Other business segment sells a variety of miscellaneous devices such as motorcycle components and wire harnesses. The company's largest business segment is its Electronic (Asia) segment; however, by country, it generates the vast majority of its revenue in Japan.

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