Yokohama Wright Industries Co (TSE:1452) Debt-to-Equity : 0.30 (As of Aug. 2023)

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What is Yokohama Wright Industries Co Debt-to-Equity?

Yokohama Wright Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円224 Mil. Yokohama Wright Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was 円92 Mil. Yokohama Wright Industries Co's Total Stockholders Equity for the quarter that ended in Aug. 2023 was 円1,047 Mil. Yokohama Wright Industries Co's debt to equity for the quarter that ended in Aug. 2023 was 0.30.

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 Yokohama Wright Industries Co's Debt-to-Equity or its related term are showing as below:

TSE:1452' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.44 Max: 0.61
Current: 0.3

During the past 6 years, the highest Debt-to-Equity Ratio of Yokohama Wright Industries Co was 0.61. The lowest was 0.30. And the median was 0.44.

TSE:1452's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs TSE:1452: 0.30

Yokohama Wright Industries Co Debt-to-Equity Historical Data

The historical data trend for Yokohama Wright Industries 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.

Yokohama Wright Industries Co Debt-to-Equity Chart

Yokohama Wright Industries Co Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.61

0.42

0.57

0.44

0.34

Yokohama Wright Industries Co Semi-Annual Data
	Feb18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial						0.49	0.44	0.40	0.34	0.30

Competitive Comparison of Yokohama Wright Industries Co's Debt-to-Equity

For the Engineering & Construction subindustry, Yokohama Wright Industries 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.

Yokohama Wright Industries Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yokohama Wright Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yokohama Wright Industries Co's Debt-to-Equity falls into.

Yokohama Wright Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yokohama Wright Industries Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(246.622	+	100.151)	/	1024.026
	=	0.34

Yokohama Wright Industries Co's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(224.178	+	92.297)	/	1047.197
	=	0.30

Yokohama Wright Industries Co (TSE:1452) 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.

Yokohama Wright Industries Co Debt-to-Equity Related Terms

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Yokohama Wright Industries Co (TSE:1452) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yokohama Wright Industries Co Ltd (TSE:1452) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 Imaicho, Hodogaya-ku, Yokohama, Kanagawa Prefecture, Tokyo, JPN, 240-0035

Website

https://www.y-wright.com

YOKOHAMA WRIGHT Industries Co Ltd is engaged in providing engineering and construction services. The company's services include existing pile removal work, demolition and civil engineering set, underground obstacle removal work, mega solar business, among others.

Yokohama Wright Industries Co (TSE:1452) Headlines

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