Horiba (TSE:6856) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Horiba Debt-to-Equity?

Horiba's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,695 Mil. Horiba's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円54,699 Mil. Horiba's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円283,713 Mil. Horiba's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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

TSE:6856' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.32 Max: 0.43
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Horiba was 0.43. The lowest was 0.21. And the median was 0.32.

TSE:6856's Debt-to-Equity is ranked better than
59.37% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:6856: 0.21

Horiba Debt-to-Equity Historical Data

The historical data trend for Horiba'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.

Horiba Debt-to-Equity Chart

Horiba Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.43

0.39

0.28

0.21

Horiba 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															0.28	0.23	0.22	0.22	0.21

Competitive Comparison of Horiba's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Horiba'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.

Horiba's Debt-to-Equity Distribution in the Hardware Industry

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

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

Horiba Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Horiba's Debt to Equity Ratio for the fiscal year 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
	=	(5695	+	54699)	/	283713
	=	0.21

Horiba'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
	=	(5695	+	54699)	/	283713
	=	0.21

Horiba (TSE:6856) 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.

Horiba Debt-to-Equity Related Terms

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

Horiba (TSE:6856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horiba Ltd (TSE:6856) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

HRIBF:USA 01H:Germany

Address

2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510

Website

http://www.horiba.co.jp

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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