Ensuiko Sugar Refining Co (TSE:2112) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is Ensuiko Sugar Refining Co Debt-to-Equity?

Ensuiko Sugar Refining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,400 Mil. Ensuiko Sugar Refining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,273 Mil. Ensuiko Sugar Refining Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円12,732 Mil. Ensuiko Sugar Refining Co's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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

TSE:2112' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.5 Max: 2.31
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Ensuiko Sugar Refining Co was 2.31. The lowest was 0.84. And the median was 1.50.

TSE:2112's Debt-to-Equity is ranked worse than
72.77% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs TSE:2112: 0.84

Ensuiko Sugar Refining Co Debt-to-Equity Historical Data

The historical data trend for Ensuiko Sugar Refining 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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Ensuiko Sugar Refining Co Debt-to-Equity Chart

Ensuiko Sugar Refining Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.36

1.42

1.48

1.26

1.07

Ensuiko Sugar Refining 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															1.10	1.07	0.90	0.86	0.84

Competitive Comparison of Ensuiko Sugar Refining Co's Debt-to-Equity

For the Confectioners subindustry, Ensuiko Sugar Refining 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.

Ensuiko Sugar Refining Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ensuiko Sugar Refining Co's Debt-to-Equity distribution charts can be found below:

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

Ensuiko Sugar Refining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ensuiko Sugar Refining 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
	=	(6672	+	5156)	/	11029
	=	1.07

Ensuiko Sugar Refining 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
	=	(6400	+	4273)	/	12732
	=	0.84

Ensuiko Sugar Refining Co (TSE:2112) 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.

Ensuiko Sugar Refining Co Debt-to-Equity Related Terms

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Ensuiko Sugar Refining Co (TSE:2112) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ensuiko Sugar Refining Co Ltd (TSE:2112) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New ESR Building, 2 - 9 - 6 Nihonbashi Tori Town, Chuo-ku, Tokyo, JPN, 103-0012

Website

http://www.ensuiko.co.jp

Ensuiko Sugar Refining Co Ltd operates in the confectionery industry. The company is engaged in the manufacturing and distribution of sugar. It offers a wide range of products ranging from home use to business use, including white sugar, stick sugar for coffee and tea, and gum syrup.

Ensuiko Sugar Refining Co (TSE:2112) Headlines

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