Maruichi Steel Tube (TSE:5463) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Maruichi Steel Tube Debt-to-Equity?

Maruichi Steel Tube's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,909 Mil. Maruichi Steel Tube's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,434 Mil. Maruichi Steel Tube's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円338,385 Mil. Maruichi Steel Tube'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 Maruichi Steel Tube's Debt-to-Equity or its related term are showing as below:

TSE:5463' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.09
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Maruichi Steel Tube was 0.09. The lowest was 0.01. And the median was 0.04.

TSE:5463's Debt-to-Equity is ranked better than
95.68% of 556 companies
in the Steel industry
Industry Median: 0.415 vs TSE:5463: 0.02

Maruichi Steel Tube Debt-to-Equity Historical Data

The historical data trend for Maruichi Steel Tube'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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Maruichi Steel Tube Debt-to-Equity Chart

Maruichi Steel Tube Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.01

0.03

0.02

Maruichi Steel Tube 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	0.03	0.02	0.02	0.02

Competitive Comparison of Maruichi Steel Tube's Debt-to-Equity

For the Steel subindustry, Maruichi Steel Tube'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.

Maruichi Steel Tube's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maruichi Steel Tube's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Maruichi Steel Tube's Debt-to-Equity falls into.

Maruichi Steel Tube Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maruichi Steel Tube'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
	=	(5449	+	2224)	/	347120
	=	0.02

Maruichi Steel Tube'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
	=	(4909	+	2434)	/	338385
	=	0.02

Maruichi Steel Tube (TSE:5463) 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.

Maruichi Steel Tube Debt-to-Equity Related Terms

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Maruichi Steel Tube (TSE:5463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maruichi Steel Tube Ltd (TSE:5463) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076

Website

http://www.maruichikokan.co.jp

Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

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