TOYO Construction Co (TSE:1890) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is TOYO Construction Co Debt-to-Equity?

TOYO Construction Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,011 Mil. TOYO Construction Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,258 Mil. TOYO Construction Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円74,339 Mil. TOYO Construction Co's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

TSE:1890' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.22 Max: 0.6
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of TOYO Construction Co was 0.60. The lowest was 0.07. And the median was 0.22.

TSE:1890's Debt-to-Equity is ranked better than
80.32% of 1519 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1890: 0.10

TOYO Construction Co Debt-to-Equity Historical Data

The historical data trend for TOYO Construction 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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TOYO Construction Co Debt-to-Equity Chart

TOYO Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.20

0.17

0.08

0.07

0.10

TOYO Construction 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															0.07	0.07	0.05	0.15	0.10

Competitive Comparison of TOYO Construction Co's Debt-to-Equity

For the Engineering & Construction subindustry, TOYO Construction 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.

TOYO Construction Co's Debt-to-Equity Distribution in the Construction Industry

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

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

TOYO Construction Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TOYO Construction 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
	=	(6534	+	1615)	/	78139
	=	0.10

TOYO Construction 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
	=	(10011	+	1258)	/	74339
	=	0.15

TOYO Construction Co (TSE:1890) 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.

TOYO Construction Co Debt-to-Equity Related Terms

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

TOYO Construction Co (TSE:1890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TOYO Construction Co Ltd (TSE:1890) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Jinbocho, 105-chome, Jinbocho, 11th floor, 10th floor, Mitsui Building, Kanda, Chiyoda-ku, Tokyo, JPN, 135-0064

Website

http://www.toyo-const.co.jp

TOYO Construction Co Ltd is a construction company. Principally, it is engaged in the marine and civil engineering, building construction, real estate, and others businesses. The company undertakes civil engineering works, such as ports, fishery ports, and reclamation and dredging, airport, power station, river and dam, waste disposal site, and waterworks and sewerage service projects. It constructs office, commercial, medical and welfare facilities, factories, education and cultural, distribution and warehouse, sports and leisure, residential, and accommodation projects. In addition, it also provides various overseas projects.

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