Sumitomo Densetsu Co (TSE:1949) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Sumitomo Densetsu Co Debt-to-Equity?

Sumitomo Densetsu Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,439 Mil. Sumitomo Densetsu Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円797 Mil. Sumitomo Densetsu Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円98,046 Mil. Sumitomo Densetsu 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 Sumitomo Densetsu Co's Debt-to-Equity or its related term are showing as below:

TSE:1949' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.07
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Densetsu Co was 0.07. The lowest was 0.02. And the median was 0.04.

TSE:1949's Debt-to-Equity is ranked better than
95.57% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1949: 0.02

Sumitomo Densetsu Co Debt-to-Equity Historical Data

The historical data trend for Sumitomo Densetsu 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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Sumitomo Densetsu Co Debt-to-Equity Chart

Sumitomo Densetsu Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.04

0.03

0.02

Sumitomo Densetsu 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															0.03	0.02	0.03	0.02	0.02

Competitive Comparison of Sumitomo Densetsu Co's Debt-to-Equity

For the Engineering & Construction subindustry, Sumitomo Densetsu 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.

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

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

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

Sumitomo Densetsu Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Densetsu 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
	=	(1608	+	948)	/	105832
	=	0.02

Sumitomo Densetsu 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
	=	(1439	+	797)	/	98046
	=	0.02

Sumitomo Densetsu Co (TSE:1949) 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.

Sumitomo Densetsu Co Debt-to-Equity Related Terms

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Sumitomo Densetsu Co (TSE:1949) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sumitomo Densetsu Co Ltd (TSE:1949) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Awaza 2-1-4, Nishi-ku, Osaka, JPN, 550-8550

Website

http://www.sem.co.jp

Sumitomo Densetsu Co Ltd operates as a construction company. It undertakes various electricity and conditioning works, comprising of planning, designing, and engineering electrical facilities and renewal and maintenance of buildings. The company is engaged in the engineering businesses and provision of information networks for different kinds of companies, universities, and colleges. In addition, it also offers communication services, environment-friendly plans for the use of the clean energy, installation of overhead and underground power transmission, transformation, and other means for transfer of electricity. Further, it provides overseas facilities like electrical, air-conditioning, sanitary, information communication, and plant facilities.

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