Zojirushi (TSE:7965) Debt-to-Equity : 0.04 (As of Feb. 2024)

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What is Zojirushi Debt-to-Equity?

Zojirushi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円2,135 Mil. Zojirushi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円1,474 Mil. Zojirushi's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円85,901 Mil. Zojirushi's debt to equity for the quarter that ended in Feb. 2024 was 0.04.

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

TSE:7965' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.06
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Zojirushi was 0.06. The lowest was 0.02. And the median was 0.04.

TSE:7965's Debt-to-Equity is ranked better than
87.21% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs TSE:7965: 0.04

Zojirushi Debt-to-Equity Historical Data

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

Zojirushi Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.03

0.04

0.05

0.04

Zojirushi Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of Zojirushi's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Zojirushi'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.

Zojirushi's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zojirushi's Debt-to-Equity distribution charts can be found below:

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

Zojirushi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zojirushi's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(606	+	3146)	/	84479
	=	0.04

Zojirushi's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(2135	+	1474)	/	85901
	=	0.04

Zojirushi (TSE:7965) 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.

Zojirushi Debt-to-Equity Related Terms

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

Zojirushi (TSE:7965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zojirushi Corp (TSE:7965) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-9,1-Chome Tenma, Kita-ku, Osaka, JPN, 530-0043

Website

http://www.zojirushi.co.jp

Zojirushi Corporation is a Japan-based firm that is mainly engaged in the manufacturing, sales, and distribution of cooking appliances, heat-insulating containers and household appliances. The company's products include rice cookers, water boilers, gourmet products, bread makers, coffee makers, thermos bottles, humidifiers, water purifiers, and others. The company is headquartered in Osaka, Japan, and also operates business in overseas areas, including the United States, China, South Korea, and other countries in South East Asia.

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