Itochu Enex Co (TSE:8133) Debt-to-Equity : 0.36 (As of Mar. 2024)

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What is Itochu Enex Co Debt-to-Equity?

Itochu Enex Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円10,651 Mil. Itochu Enex Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円48,292 Mil. Itochu Enex Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円162,543 Mil. Itochu Enex Co's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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

TSE:8133' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.4 Max: 0.68
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Itochu Enex Co was 0.68. The lowest was 0.28. And the median was 0.40.

TSE:8133's Debt-to-Equity is ranked better than
56.2% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSE:8133: 0.36

Itochu Enex Co Debt-to-Equity Historical Data

The historical data trend for Itochu Enex 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.

* Premium members only.

Itochu Enex Co Debt-to-Equity Chart

Itochu Enex Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.68

0.57

0.63

0.47

0.36

Itochu Enex Co 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															0.47	0.38	0.38	0.36	0.36

Competitive Comparison of Itochu Enex Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Itochu Enex 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.

Itochu Enex Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Itochu Enex Co's Debt-to-Equity distribution charts can be found below:

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

Itochu Enex Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Itochu Enex Co's Debt to Equity Ratio for the fiscal year 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
	=	(10651	+	48292)	/	162543
	=	0.36

Itochu Enex Co'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
	=	(10651	+	48292)	/	162543
	=	0.36

Itochu Enex Co (TSE:8133) 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.

Itochu Enex Co Debt-to-Equity Related Terms

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Itochu Enex Co (TSE:8133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Itochu Enex Co Ltd (TSE:8133) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

96P:Germany

Address

3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-6028

Website

http://www.itcenex.com

Itochu Enex Co Ltd is a Japan-based energy provider that operates through a host of businesses. The company's operations are divided into the following segments: home-life, power and utility, car-life, and energy trade. Through these businesses, Itochu supplies its customer base in Japan with LP gas and town gas for homes and businesses. The company also sells a range of automotive fuels through its car-life stations. Alongside the car-life stations, under the car-life Division, Itochu Enex houses a car dealer and credit card business. Through separate divisions, the company operates electric-power-related and heat-supply businesses, along with selling a variety of petroleum products for industrial and marine use.

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