Tokai Tokyo Financial Holdings (TSE:8616) Debt-to-Equity : 3.72 (As of Dec. 2023)

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What is Tokai Tokyo Financial Holdings Debt-to-Equity?

Tokai Tokyo Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円531,546 Mil. Tokai Tokyo Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円112,506 Mil. Tokai Tokyo Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円173,279 Mil. Tokai Tokyo Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was 3.72.

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 Tokai Tokyo Financial Holdings's Debt-to-Equity or its related term are showing as below:

TSE:8616' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.1 Med: 3.09 Max: 4.53
Current: 3.57

During the past 13 years, the highest Debt-to-Equity Ratio of Tokai Tokyo Financial Holdings was 4.53. The lowest was 1.10. And the median was 3.09.

TSE:8616's Debt-to-Equity is ranked worse than
93.92% of 609 companies
in the Capital Markets industry
Industry Median: 0.38 vs TSE:8616: 3.57

Tokai Tokyo Financial Holdings Debt-to-Equity Historical Data

The historical data trend for Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings Debt-to-Equity Chart

Tokai Tokyo Financial Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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3.10

4.53

4.34

3.07

3.57

Tokai Tokyo Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.07	3.47	3.58	3.72	3.57

Competitive Comparison of Tokai Tokyo Financial Holdings's Debt-to-Equity

For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokai Tokyo Financial Holdings's Debt-to-Equity falls into.

Tokai Tokyo Financial Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokai Tokyo Financial Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(503240	+	140731)	/	180270
	=	3.57

Tokai Tokyo Financial Holdings'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
	=	(531546	+	112506)	/	173279
	=	3.72

Tokai Tokyo Financial Holdings (TSE:8616) 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.

Tokai Tokyo Financial Holdings Debt-to-Equity Related Terms

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Tokai Tokyo Financial Holdings (TSE:8616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tokai Tokyo Financial Holdings Inc (TSE:8616) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TO91:Germany

Address

6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027

Website

http://www.tokaitokyo-fh.jp

Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.

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