Odakyu Electric Railway Co (TSE:9007) Debt-to-Equity : 1.46 (As of Dec. 2023)

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What is Odakyu Electric Railway Co Debt-to-Equity?

Odakyu Electric Railway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円232,704 Mil. Odakyu Electric Railway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円350,092 Mil. Odakyu Electric Railway Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円399,413 Mil. Odakyu Electric Railway Co's debt to equity for the quarter that ended in Dec. 2023 was 1.46.

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

TSE:9007' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.42 Med: 1.87 Max: 2.4
Current: 1.46

During the past 13 years, the highest Debt-to-Equity Ratio of Odakyu Electric Railway Co was 2.40. The lowest was 1.42. And the median was 1.87.

TSE:9007's Debt-to-Equity is ranked worse than
80.07% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs TSE:9007: 1.46

Odakyu Electric Railway Co Debt-to-Equity Historical Data

The historical data trend for Odakyu Electric Railway 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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Odakyu Electric Railway Co Debt-to-Equity Chart

Odakyu Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.60

1.67

2.02

1.99

1.68

Odakyu Electric Railway 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															1.85	1.68	1.66	1.42	1.46

Competitive Comparison of Odakyu Electric Railway Co's Debt-to-Equity

For the Railroads subindustry, Odakyu Electric Railway 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.

Odakyu Electric Railway Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Odakyu Electric Railway Co's Debt-to-Equity distribution charts can be found below:

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

Odakyu Electric Railway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Odakyu Electric Railway 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
	=	(247514	+	401262)	/	387385
	=	1.67

Odakyu Electric Railway 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
	=	(232704	+	350092)	/	399413
	=	1.46

Odakyu Electric Railway Co (TSE:9007) 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.

Odakyu Electric Railway Co Debt-to-Equity Related Terms

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Odakyu Electric Railway Co (TSE:9007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odakyu Electric Railway Co Ltd (TSE:9007) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ODERF:USA

Address

1-8-3 Nishishinjuku Shinjuku-ku, Tokyo, JPN, 160-8309

Website

http://www.odakyu.jp

Odakyu Electric Railway Co Ltd is a Japanese company which provides transportation services. The company has three reportable segments namely Transportation, Merchandising and Real Estate. The Transportation segment provides services through railway, bus, taxi, sightseeing boat, and ropeway. Merchandising segment operates departmental stores and supermarket. Real Estate segment is engaged in the sale of land and buildings, leasing of buildings and others. The company also offers services including hotel, restaurant, travel agent, golf course, railway maintenance service, building management and maintenance, advertising agency, horticulture and gardening, bookkeeping service, insurance agency, nursing and child care. The majority of the company's revenue comes from transportation business.

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