Kuraray Co (Kuraray Co) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Kuraray Co Debt-to-Equity?

Kuraray Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $449 Mil. Kuraray Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,509 Mil. Kuraray Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,963 Mil. Kuraray Co's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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

KURRY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.39 Max: 0.68
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Kuraray Co was 0.68. The lowest was 0.11. And the median was 0.39.

KURRY's Debt-to-Equity is ranked worse than
54.62% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs KURRY: 0.40

Kuraray Co Debt-to-Equity Historical Data

The historical data trend for Kuraray 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.

* Premium members only.

Kuraray Co Debt-to-Equity Chart

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.68

0.55

0.50

0.40

Kuraray 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															0.50	0.47	0.40	0.38	0.40

Competitive Comparison of Kuraray Co's Debt-to-Equity

For the Chemicals subindustry, Kuraray 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.

Kuraray Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Kuraray Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kuraray Co's Debt to Equity Ratio for the fiscal year 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
	=	(449.447	+	1509.305)	/	4963.318
	=	0.39

Kuraray 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
	=	(449.447	+	1509.305)	/	4963.318
	=	0.39

Kuraray Co (OTCPK:KURRY) 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.

Kuraray Co Debt-to-Equity Related Terms

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Kuraray Co (Kuraray Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (OTCPK:KURRY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KURRF:USA 3405:Japan KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

Kuraray Co (Kuraray Co) Headlines

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