Toa (TSE:6809) Debt-to-Equity : 0.04 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Toa Debt-to-Equity?

Toa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,820 Mil. Toa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Toa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円48,454 Mil. Toa's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

TSE:6809' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.08
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Toa was 0.08. The lowest was 0.01. And the median was 0.03.

TSE:6809's Debt-to-Equity is ranked better than
89.1% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs TSE:6809: 0.04

Toa Debt-to-Equity Historical Data

The historical data trend for Toa'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.

Toa Debt-to-Equity Chart

Toa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.03

0.07

0.05

0.07

0.08

Toa 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															0.05	0.08	0.05	0.04	0.04

Competitive Comparison of Toa's Debt-to-Equity

For the Security & Protection Services subindustry, Toa'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.

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

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

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

Toa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toa'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
	=	(3060	+	784)	/	46241
	=	0.08

Toa'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
	=	(1820	+	0)	/	48454
	=	0.04

Toa (TSE:6809) 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.

Toa Debt-to-Equity Related Terms

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

Toa (TSE:6809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toa Corp (TSE:6809) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 - 1 Nogoshima Nakamachi Chuo - ku, Hyogo Prefecture, Kobe, JPN, 650-0046

Website

http://www.toa.co.jp

Toa Corp is mainly engaged in the manufacture and sale of loudspeaker broadcasting and communication equipment. It operates in three business divisions including Acoustic equipment business, Security equipment business and other. Acoustic equipment business manufactures loudspeaker broadcasting equipment, Professional sound equipment, and communication equipment. Security equipment business manufactures video equipment. Other business segment includes Leasing of equipment and management hall. Its product offerings include microphone, amplifier, speaker, megaphone, professional sound system, digital mixing system, Intercom system, telephone application system, wireless microphone system, contact wireless system, surveillance television, monitor television, video recorder, among others.

Toa (TSE:6809) Headlines

No Headlines