Hitachi Zosen (TSE:7004) Debt-to-Equity : 0.61 (As of Dec. 2023)

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What is Hitachi Zosen Debt-to-Equity?

Hitachi Zosen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円23,565 Mil. Hitachi Zosen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円63,735 Mil. Hitachi Zosen's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円142,864 Mil. Hitachi Zosen's debt to equity for the quarter that ended in Dec. 2023 was 0.61.

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

TSE:7004' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.9 Max: 1.29
Current: 0.61

During the past 13 years, the highest Debt-to-Equity Ratio of Hitachi Zosen was 1.29. The lowest was 0.61. And the median was 0.90.

TSE:7004's Debt-to-Equity is ranked worse than
72.26% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:7004: 0.61

Hitachi Zosen Debt-to-Equity Historical Data

The historical data trend for Hitachi Zosen'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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Hitachi Zosen Debt-to-Equity Chart

Hitachi Zosen Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.06

0.84

0.78

0.70

0.62

Hitachi Zosen 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															0.70	0.62	0.65	0.63	0.61

Competitive Comparison of Hitachi Zosen's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Hitachi Zosen'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.

Hitachi Zosen's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hitachi Zosen's Debt-to-Equity distribution charts can be found below:

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

Hitachi Zosen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hitachi Zosen'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
	=	(17959	+	68506)	/	139619
	=	0.62

Hitachi Zosen'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
	=	(23565	+	63735)	/	142864
	=	0.61

Hitachi Zosen (TSE:7004) 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.

Hitachi Zosen Debt-to-Equity Related Terms

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Hitachi Zosen (TSE:7004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hitachi Zosen Corp (TSE:7004) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HZS:Germany

Address

7-89, Nanko-kita 1-chome, Suminoe-ku, Osaka, JPN, 559-8559

Website

http://www.hitachizosen.co.jp

Hitachi Zosen Corp is a Japan-based industrial and engineering company. It engaged in the business domains of Green Energy, Social Infrastructure, and disaster prevention. The Company operations are classified into four reportable segments. Environmental Systems and Industrial Plants Segment include the production of environmental protection systems, water treatment systems, desalination and potabilization plants and chemical plants. Machinery segment includes the production of marine diesel engines, boilers, SCR systems, process equipment amongst others. Infrastructure segment includes bridge construction, water gates, and shield tunneling machines. Operations in the other businesses segment include the transportation business and warehousing business.

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