CTS Co (TSE:4345) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is CTS Co Debt-to-Equity?

CTS Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. CTS Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,141 Mil. CTS Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円11,427 Mil. CTS Co's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

TSE:4345' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.29 Max: 1.17
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of CTS Co was 1.17. The lowest was 0.09. And the median was 0.29.

TSE:4345's Debt-to-Equity is ranked better than
78.69% of 929 companies
in the Business Services industry
Industry Median: 0.37 vs TSE:4345: 0.10

CTS Co Debt-to-Equity Historical Data

The historical data trend for CTS 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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CTS Co Debt-to-Equity Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.37

0.24

0.26

0.25

0.18

CTS 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															0.13	0.18	0.10	0.09	0.10

Competitive Comparison of CTS Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, CTS 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.

CTS Co's Debt-to-Equity Distribution in the Business Services Industry

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

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

CTS Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CTS 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
	=	(767	+	1183)	/	10581
	=	0.18

CTS 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
	=	(0	+	1141)	/	11427
	=	0.10

CTS Co (TSE:4345) 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.

CTS Co Debt-to-Equity Related Terms

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CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

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