Fukuda Denshi Co (TSE:6960) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Fukuda Denshi Co Debt-to-Equity?

Fukuda Denshi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,800 Mil. Fukuda Denshi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Fukuda Denshi Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円173,231 Mil. Fukuda Denshi Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

TSE:6960' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Fukuda Denshi Co was 0.04. The lowest was 0.01. And the median was 0.02.

TSE:6960's Debt-to-Equity is ranked better than
99.86% of 709 companies
in the Medical Devices & Instruments industry
Industry Median: 0.21 vs TSE:6960: 0.01

Fukuda Denshi Co Debt-to-Equity Historical Data

The historical data trend for Fukuda Denshi 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.

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Fukuda Denshi Co Debt-to-Equity Chart

Fukuda Denshi Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.02

Fukuda Denshi 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															0.01	0.02	0.01	0.01	0.01

Competitive Comparison of Fukuda Denshi Co's Debt-to-Equity

For the Medical Devices subindustry, Fukuda Denshi 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.

Fukuda Denshi Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fukuda Denshi Co's Debt-to-Equity distribution charts can be found below:

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

Fukuda Denshi Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fukuda Denshi 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
	=	(2054	+	1624)	/	163047
	=	0.02

Fukuda Denshi 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
	=	(1800	+	0)	/	173231
	=	0.01

Fukuda Denshi Co (TSE:6960) 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.

Fukuda Denshi Co Debt-to-Equity Related Terms

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Fukuda Denshi Co (TSE:6960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Fukuda Denshi Co Ltd (TSE:6960) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

39-4, Hongo 3-chome, Bunkyo-ku, Tokyo, JPN, 113-8483

Website

http://www.fukuda.co.jp

Fukuda Denshi Co Ltd develops and manufactures medical electronic equipment. The firm operates in four segments: physiological diagnostic equipment, patient monitoring equipment, medical treatment equipment, and consumables and other products. The physiological diagnostic equipment business sells electrocardiographs, vascular screening systems, and blood cell counters. The patient monitoring equipment segment sells patient monitors and transmitters. The medical treatment equipment segment contributes the largest proportion of revenue and sells pacemakers and medical equipment for home treatment. The consumables and other products segment sells disposable electrodes and consumables used for the firm's devices. Fukuda Denshi generates the vast majority of its sales in Japan.

Fukuda Denshi Co (TSE:6960) Headlines

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