Kurita Water Industries (TSE:6370) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Kurita Water Industries Debt-to-Equity?

Kurita Water Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円28,542 Mil. Kurita Water Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円77,039 Mil. Kurita Water Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円315,425 Mil. Kurita Water Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Kurita Water Industries's Debt-to-Equity or its related term are showing as below:

TSE:6370' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.21 Max: 0.36
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Kurita Water Industries was 0.36. The lowest was 0.02. And the median was 0.21.

TSE:6370's Debt-to-Equity is ranked worse than
54.52% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:6370: 0.34

Kurita Water Industries Debt-to-Equity Historical Data

The historical data trend for Kurita Water Industries'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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Kurita Water Industries Debt-to-Equity Chart

Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

0.23

0.20

0.22

0.34

Kurita Water Industries 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															0.34	0.34	0.36	0.32	0.34

Competitive Comparison of Kurita Water Industries's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.

Kurita Water Industries's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kurita Water Industries's Debt-to-Equity distribution charts can be found below:

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

Kurita Water Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kurita Water Industries'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
	=	(33292	+	66774)	/	293975
	=	0.34

Kurita Water Industries'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
	=	(28542	+	77039)	/	315425
	=	0.33

Kurita Water Industries (TSE:6370) 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.

Kurita Water Industries Debt-to-Equity Related Terms

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Kurita Water Industries (TSE:6370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (TSE:6370) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KTWIY:USA KTWIF:USA KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

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