Takasago Thermal Engineering Co (TSE:1969) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Takasago Thermal Engineering Co Debt-to-Equity?

Takasago Thermal Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円12,888 Mil. Takasago Thermal Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円20,000 Mil. Takasago Thermal Engineering Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円153,537 Mil. Takasago Thermal Engineering Co's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Takasago Thermal Engineering Co's Debt-to-Equity or its related term are showing as below:

TSE:1969' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.34
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Takasago Thermal Engineering Co was 0.34. The lowest was 0.04. And the median was 0.13.

TSE:1969's Debt-to-Equity is ranked better than
67.92% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1969: 0.21

Takasago Thermal Engineering Co Debt-to-Equity Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co Debt-to-Equity Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.14

0.17

0.23

0.25

0.21

Takasago Thermal Engineering 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															0.34	0.21	0.21	0.20	0.21

Competitive Comparison of Takasago Thermal Engineering Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Takasago Thermal Engineering 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.

Takasago Thermal Engineering Co's Debt-to-Equity Distribution in the Construction Industry

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

* The bar in red indicates where Takasago Thermal Engineering Co's Debt-to-Equity falls into.

Takasago Thermal Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Takasago Thermal Engineering 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
	=	(4815	+	25000)	/	142469
	=	0.21

Takasago Thermal Engineering 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
	=	(12888	+	20000)	/	153537
	=	0.21

Takasago Thermal Engineering Co (TSE:1969) 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.

Takasago Thermal Engineering Co Debt-to-Equity Related Terms

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Takasago Thermal Engineering Co (TSE:1969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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