Mk Seiko Co (TSE:5906) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is Mk Seiko Co Debt-to-Equity?

Mk Seiko Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,627 Mil. Mk Seiko Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,277 Mil. Mk Seiko Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円15,672 Mil. Mk Seiko Co's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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

TSE:5906' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.53 Max: 0.73
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Mk Seiko Co was 0.73. The lowest was 0.31. And the median was 0.53.

TSE:5906's Debt-to-Equity is ranked worse than
51.85% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:5906: 0.31

Mk Seiko Co Debt-to-Equity Historical Data

The historical data trend for Mk Seiko 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.

* Premium members only.

Mk Seiko Co Debt-to-Equity Chart

Mk Seiko Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.67

0.63

0.54

0.52

0.38

Mk Seiko 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															0.38	0.38	0.44	0.39	0.31

Competitive Comparison of Mk Seiko Co's Debt-to-Equity

For the Consumer Electronics subindustry, Mk Seiko 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.

Mk Seiko Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mk Seiko Co's Debt-to-Equity distribution charts can be found below:

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

Mk Seiko Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mk Seiko 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
	=	(3215.448	+	1978.824)	/	13786.519
	=	0.38

Mk Seiko 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
	=	(3627.056	+	1276.584)	/	15672.218
	=	0.31

Mk Seiko Co (TSE:5906) 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.

Mk Seiko Co Debt-to-Equity Related Terms

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Mk Seiko Co (TSE:5906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mk Seiko Co Ltd (TSE:5906) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

1825, Amenomiya, Nagano-ken, Chikuma, JPN, 387 8603

Website

http://www.mkseiko.co.jp

Mk Seiko Co Ltd is a Japanese manufacturer and seller of automotive service equipment, information equipment and household equipment. In automotive service equipment, the company offers car washing machines, freon cleaning and charging machines and others. It offers information equipment like large screen televisions for outside and auditoriums, road information equipment and color display equipment for shops. The household products offered by the company are low-temperature farm product storage, bread makers and oil supply pumps.

Mk Seiko Co (TSE:5906) Headlines

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