Asahi Kasei (Asahi Kasei) Debt-to-Equity : 0.62 (As of Dec. 2023)

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What is Asahi Kasei Debt-to-Equity?

Asahi Kasei's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,775 Mil. Asahi Kasei's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,709 Mil. Asahi Kasei's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12,132 Mil. Asahi Kasei's debt to equity for the quarter that ended in Dec. 2023 was 0.62.

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

AHKSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.42 Max: 0.62
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Asahi Kasei was 0.62. The lowest was 0.23. And the median was 0.42.

AHKSY's Debt-to-Equity is ranked worse than
69.72% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs AHKSY: 0.62

Asahi Kasei Debt-to-Equity Historical Data

The historical data trend for Asahi Kasei'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.

Asahi Kasei Debt-to-Equity Chart

Asahi Kasei Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.31

0.52

0.45

0.46

0.59

Asahi Kasei 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															0.60	0.59	0.61	0.54	0.62

Competitive Comparison of Asahi Kasei's Debt-to-Equity

For the Chemicals subindustry, Asahi Kasei'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.

Asahi Kasei's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Asahi Kasei Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Asahi Kasei'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
	=	(2744.173	+	4548.335)	/	12426.07
	=	0.59

Asahi Kasei'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
	=	(2774.606	+	4708.542)	/	12131.572
	=	0.62

Asahi Kasei (OTCPK:AHKSY) 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.

Asahi Kasei Debt-to-Equity Related Terms

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

Asahi Kasei (Asahi Kasei) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asahi Kasei Corp (OTCPK:AHKSY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AHKSF:USA 3407:Japan ASAA:Germany

Address

1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, JPN, 101-8101

Website

http://www.asahi-kasei.co.jp

Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.

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