Shigematsu Works Co (TSE:7980) Debt-to-Equity : 0.48 (As of Dec. 2023)

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What is Shigematsu Works Co Debt-to-Equity?

Shigematsu Works Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,315 Mil. Shigematsu Works Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,400 Mil. Shigematsu Works Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円7,689 Mil. Shigematsu Works Co's debt to equity for the quarter that ended in Dec. 2023 was 0.48.

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

TSE:7980' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.61 Max: 0.84
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Shigematsu Works Co was 0.84. The lowest was 0.43. And the median was 0.61.

TSE:7980's Debt-to-Equity is ranked worse than
70.85% of 710 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TSE:7980: 0.48

Shigematsu Works Co Debt-to-Equity Historical Data

The historical data trend for Shigematsu Works 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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Shigematsu Works Co Debt-to-Equity Chart

Shigematsu Works Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.66

0.61

0.52

0.43

Shigematsu Works 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															0.56	0.43	0.48	0.47	0.48

Competitive Comparison of Shigematsu Works Co's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Shigematsu Works 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.

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

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

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

Shigematsu Works Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shigematsu Works 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
	=	(1219.345	+	1912.472)	/	7348.419
	=	0.43

Shigematsu Works 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
	=	(2315	+	1400)	/	7689.124
	=	0.48

Shigematsu Works Co (TSE:7980) 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.

Shigematsu Works Co Debt-to-Equity Related Terms

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Shigematsu Works Co (TSE:7980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shigematsu Works Co Ltd (TSE:7980) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1-26-1, Nishigahara, Kita-ku, Tokyo, JPN, 114 0024

Website

http://www.sts-japan.com

Shigematsu Works Co Ltd is a Japan based company engaged in the safety business. It manufactures personal and respiratory protective devices related to fire and industrial safety, equipment for air purifying, emergency and rescue operations. The company offers products such as gas respirators, chemical cartridge respirators, particulate respirators, self-contained breathing apparatus, powered air-purifying respirators, supplied-air respirators, eye protector, face shields, earmuffs, safety belts, protective clothing, protective gloves, stretchers, oxygen meters and other related products. The products offered by the organization has application in various industries including textile, chemical, automobile, fishery, mining, warehouse and others.

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