Shinsho (TSE:8075) Debt-to-Equity : 1.01 (As of Dec. 2023)

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What is Shinsho Debt-to-Equity?

Shinsho's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円65,418 Mil. Shinsho's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円16,970 Mil. Shinsho's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円81,358 Mil. Shinsho's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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

TSE:8075' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.88 Med: 1.25 Max: 1.5
Current: 1.01

During the past 13 years, the highest Debt-to-Equity Ratio of Shinsho was 1.50. The lowest was 0.88. And the median was 1.25.

TSE:8075's Debt-to-Equity is ranked worse than
79.49% of 551 companies
in the Steel industry
Industry Median: 0.42 vs TSE:8075: 1.01

Shinsho Debt-to-Equity Historical Data

The historical data trend for Shinsho'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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Shinsho Debt-to-Equity Chart

Shinsho Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.19

1.26

1.06

0.88

Shinsho 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															1.14	0.88	1.00	0.90	1.01

Competitive Comparison of Shinsho's Debt-to-Equity

For the Steel subindustry, Shinsho'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.

Shinsho's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shinsho's Debt-to-Equity distribution charts can be found below:

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

Shinsho Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shinsho'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
	=	(45552	+	18011)	/	72468
	=	0.88

Shinsho'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
	=	(65418	+	16970)	/	81358
	=	1.01

Shinsho (TSE:8075) 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.

Shinsho Debt-to-Equity Related Terms

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

Shinsho (TSE:8075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shinsho Corp (TSE:8075) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yodoyabashi Square, 2-6-18 Kitahama, Chuo-ku, Chuo-ku, Osaka, JPN, 541-8557

Website

http://www.shinsho.co.jp

Shinsho Corp is mainly engaged in the import/export and trading of products. It is organized into five business divisions. The Iron and Steel division supplies wire rods and bars, steel plates, steel sheets, and steel powders. The Ferrous Raw Materials division supplies ferrous raw materials, titanium materials, coal for boilers, alloy steel, and coke breeze. The Nonferrous Metals division supplies the aluminium and copper products. The Machinery and Electronics division focuses on industrial machinery and electronic equipment and materials. The Welding division supports a diverse range of manufacturing industries by providing welding materials, equipment, and welding robot systems. The majority of its revenue is derived from the Iron and Steel, and Nonferrous Metals segments.

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