Pilot (TSE:7846) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Pilot Debt-to-Equity?

Pilot's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,137 Mil. Pilot's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円494 Mil. Pilot's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円130,408 Mil. Pilot's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSE:7846' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.39
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Pilot was 0.39. The lowest was 0.02. And the median was 0.14.

TSE:7846's Debt-to-Equity is ranked better than
93.97% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:7846: 0.02

Pilot Debt-to-Equity Historical Data

The historical data trend for Pilot'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.

* Premium members only.

Pilot Debt-to-Equity Chart

Pilot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.17

0.09

0.04

0.02

Pilot 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															0.04	0.07	0.03	0.03	0.02

Competitive Comparison of Pilot's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Pilot'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.

Pilot's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pilot's Debt-to-Equity distribution charts can be found below:

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

Pilot Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pilot'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
	=	(2137	+	494)	/	130408
	=	0.02

Pilot'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
	=	(2137	+	494)	/	130408
	=	0.02

Pilot (TSE:7846) 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.

Pilot Debt-to-Equity Related Terms

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

Pilot (TSE:7846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pilot Corp (TSE:7846) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

POGHF:USA

Address

2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304

Website

http://www.pilot.co.jp

Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items including writing instruments, other stationery products and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes the largest proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.

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