Mitsuboshi Belting (TSE:5192) Debt-to-Equity : 0.07 (As of Dec. 2023)

View and export this data going back to 1962. Start your Free Trial

What is Mitsuboshi Belting Debt-to-Equity?

Mitsuboshi Belting's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,528 Mil. Mitsuboshi Belting's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,250 Mil. Mitsuboshi Belting's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円91,034 Mil. Mitsuboshi Belting's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Mitsuboshi Belting's Debt-to-Equity or its related term are showing as below:

TSE:5192' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.09 Max: 0.19
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsuboshi Belting was 0.19. The lowest was 0.04. And the median was 0.09.

TSE:5192's Debt-to-Equity is ranked better than
79.97% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:5192: 0.07

Mitsuboshi Belting Debt-to-Equity Historical Data

The historical data trend for Mitsuboshi Belting'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.

Mitsuboshi Belting Debt-to-Equity Chart

Mitsuboshi Belting Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.12

0.10

0.06

0.05

0.09

Mitsuboshi Belting 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															0.04	0.09	0.08	0.08	0.07

Competitive Comparison of Mitsuboshi Belting's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Mitsuboshi Belting'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.

Mitsuboshi Belting's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsuboshi Belting's Debt-to-Equity distribution charts can be found below:

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

Mitsuboshi Belting Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsuboshi Belting'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
	=	(4229	+	4000)	/	87600
	=	0.09

Mitsuboshi Belting'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
	=	(3528	+	3250)	/	91034
	=	0.07

Mitsuboshi Belting (TSE:5192) 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.

Mitsuboshi Belting Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mitsuboshi Belting's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsuboshi Belting (TSE:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsuboshi Belting Ltd (TSE:5192) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024

Website

http://www.mitsuboshi.co.jp

Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.

Mitsuboshi Belting (TSE:5192) Headlines

No Headlines