T.RAD Co (TSE:7236) Debt-to-Equity : 0.50 (As of Dec. 2023)

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What is T.RAD Co Debt-to-Equity?

T.RAD Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,903 Mil. T.RAD Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円13,621 Mil. T.RAD Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円45,309 Mil. T.RAD Co's debt to equity for the quarter that ended in Dec. 2023 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 T.RAD Co's Debt-to-Equity or its related term are showing as below:

TSE:7236' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.42 Max: 0.54
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of T.RAD Co was 0.54. The lowest was 0.26. And the median was 0.42.

TSE:7236's Debt-to-Equity is ranked worse than
52% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:7236: 0.50

T.RAD Co Debt-to-Equity Historical Data

The historical data trend for T.RAD 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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T.RAD Co Debt-to-Equity Chart

T.RAD Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.40

0.45

0.46

0.43

0.53

T.RAD 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															0.48	0.53	0.53	0.54	0.50

Competitive Comparison of T.RAD Co's Debt-to-Equity

For the Auto Parts subindustry, T.RAD 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.

T.RAD Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, T.RAD Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where T.RAD Co's Debt-to-Equity falls into.

T.RAD Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

T.RAD 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
	=	(11455	+	10990)	/	42261
	=	0.53

T.RAD 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
	=	(8903	+	13621)	/	45309
	=	0.50

T.RAD Co (TSE:7236) 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.

T.RAD Co Debt-to-Equity Related Terms

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T.RAD Co (TSE:7236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » T.RAD Co Ltd (TSE:7236) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aioi Insurance Shinjyuku Bldg., 3-25-3,Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053

Website

http://www.trad.co.jp

T.RAD Co Ltd engages in manufacture and sale of automobile parts and other machinery. Its services include the manufacturing and marketing of heat exchangers for automobiles, construction, and industrial machines, air conditioners, distributed generators, parts for automobiles, environment-related equipment, and others. The firm's main products consist of radiators, oil coolers, EGR coolers, intercoolers, recuperators, fin coils for air conditioners, and other heat exchangers.

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