Tokai Holdings (TSE:3167) Debt-to-Equity : 0.74 (As of Mar. 2024)

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What is Tokai Holdings Debt-to-Equity?

Tokai Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円19,086 Mil. Tokai Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円46,443 Mil. Tokai Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円89,083 Mil. Tokai Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.74.

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 Tokai Holdings's Debt-to-Equity or its related term are showing as below:

TSE:3167' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1 Max: 2.04
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of Tokai Holdings was 2.04. The lowest was 0.74. And the median was 1.00.

TSE:3167's Debt-to-Equity is ranked worse than
58.47% of 472 companies
in the Conglomerates industry
Industry Median: 0.55 vs TSE:3167: 0.74

Tokai Holdings Debt-to-Equity Historical Data

The historical data trend for Tokai Holdings'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.

Tokai Holdings Debt-to-Equity Chart

Tokai Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.97

0.77

0.79

0.81

0.74

Tokai Holdings 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															0.81	0.58	0.58	0.62	0.74

Competitive Comparison of Tokai Holdings's Debt-to-Equity

For the Conglomerates subindustry, Tokai Holdings'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.

Tokai Holdings's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tokai Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokai Holdings's Debt-to-Equity falls into.

Tokai Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokai Holdings'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
	=	(19086	+	46443)	/	89083
	=	0.74

Tokai Holdings's Debt to Equity Ratio for the quarter 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
	=	(19086	+	46443)	/	89083
	=	0.74

Tokai Holdings (TSE:3167) 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.

Tokai Holdings Debt-to-Equity Related Terms

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Tokai Holdings (TSE:3167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tokai Holdings Corp (TSE:3167) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828

Website

http://www.tokaiholdings.co.jp

Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.

Tokai Holdings (TSE:3167) Headlines

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