Raito Kogyo Co (TSE:1926) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Raito Kogyo Co Debt-to-Equity?

Raito Kogyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,590 Mil. Raito Kogyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円212 Mil. Raito Kogyo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円87,226 Mil. Raito Kogyo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSE:1926' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.05
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Raito Kogyo Co was 0.05. The lowest was 0.01. And the median was 0.02.

TSE:1926's Debt-to-Equity is ranked better than
95.57% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1926: 0.02

Raito Kogyo Co Debt-to-Equity Historical Data

The historical data trend for Raito Kogyo 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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Raito Kogyo Co Debt-to-Equity Chart

Raito Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.02

0.01

0.02

Raito Kogyo 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Raito Kogyo Co's Debt-to-Equity

For the Engineering & Construction subindustry, Raito Kogyo 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.

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

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

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

Raito Kogyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Raito Kogyo 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
	=	(1532	+	296)	/	84502
	=	0.02

Raito Kogyo 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
	=	(1590	+	212)	/	87226
	=	0.02

Raito Kogyo Co (TSE:1926) 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.

Raito Kogyo Co Debt-to-Equity Related Terms

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Raito Kogyo Co (TSE:1926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raito Kogyo Co Ltd (TSE:1926) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

4-2-35 Kudan-kita, Chiyoda-ku, Tokyo, JPN, 102-8236

Website

http://www.raito.co.jp

Raito Kogyo Co Ltd is a civil engineering contractor. It provides engineering, building construction and sells related products and materials. The company operates in construction business segment that provides slope protection, landslide prevention, foundation/ground improvement, structural repair/reinforcement, environmental restoration, and sewage system construction. It has operations in North America and other countries with revenue from Japan.

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