Menicon Co (TSE:7780) Debt-to-Equity : 0.89 (As of Dec. 2023)

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What is Menicon Co Debt-to-Equity?

Menicon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,051 Mil. Menicon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円67,955 Mil. Menicon Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円80,170 Mil. Menicon Co's debt to equity for the quarter that ended in Dec. 2023 was 0.89.

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

TSE:7780' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.56 Max: 0.95
Current: 0.89

During the past 10 years, the highest Debt-to-Equity Ratio of Menicon Co was 0.95. The lowest was 0.25. And the median was 0.56.

TSE:7780's Debt-to-Equity is ranked worse than
85.65% of 711 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TSE:7780: 0.89

Menicon Co Debt-to-Equity Historical Data

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

Menicon Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.44

0.25

0.74

0.63

0.72

Menicon 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															0.74	0.72	0.95	0.91	0.89

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

For the Medical Instruments & Supplies subindustry, Menicon 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.

Menicon Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Menicon Co's Debt-to-Equity distribution charts can be found below:

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

Menicon Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Menicon 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
	=	(3641	+	49938)	/	74611
	=	0.72

Menicon 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
	=	(3051	+	67955)	/	80170
	=	0.89

Menicon Co (TSE:7780) 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.

Menicon Co Debt-to-Equity Related Terms

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Menicon Co (TSE:7780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Menicon Co Ltd (TSE:7780) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5FR:Germany

Address

3-21-19, Aoi, Naka-ku, Aichi, Nagoya, JPN, 460-0006

Website

http://www.menicon.com

Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.

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