Tadano (TSE:6395) Debt-to-Equity : 0.50 (As of Mar. 2024)

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What is Tadano Debt-to-Equity?

Tadano's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円47,199 Mil. Tadano's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円45,130 Mil. Tadano's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円183,749 Mil. Tadano's debt to equity for the quarter that ended in Mar. 2024 was 0.50.

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

TSE:6395' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 0.66
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Tadano was 0.66. The lowest was 0.20. And the median was 0.41.

TSE:6395's Debt-to-Equity is ranked worse than
55.68% of 185 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.41 vs TSE:6395: 0.50

Tadano Debt-to-Equity Historical Data

The historical data trend for Tadano'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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Tadano Debt-to-Equity Chart

Tadano Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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0.23

0.20

0.40

0.66

0.62

Tadano 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															0.58	0.57	0.56	0.50	0.50

Competitive Comparison of Tadano's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.

Tadano's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Debt-to-Equity distribution charts can be found below:

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

Tadano Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tadano's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 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
	=	(35804	+	62371)	/	159114
	=	0.62

Tadano'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
	=	(47199	+	45130)	/	183749
	=	0.50

Tadano (TSE:6395) 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.

Tadano Debt-to-Equity Related Terms

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

Tadano (TSE:6395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tadano Ltd (TSE:6395) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TN0:Germany

Address

34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185

Website

http://www.tadano.co.jp

Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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