Central Glass Co (Central Glass Co) Debt-to-Equity : 0.56 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Central Glass Co Debt-to-Equity?

Central Glass Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $131 Mil. Central Glass Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $303 Mil. Central Glass Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $777 Mil. Central Glass Co's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

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

CGCLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.39 Max: 0.99
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Central Glass Co was 0.99. The lowest was 0.27. And the median was 0.39.

CGCLF's Debt-to-Equity is ranked worse than
66.01% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs CGCLF: 0.56

Central Glass Co Debt-to-Equity Historical Data

The historical data trend for Central Glass 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.

Central Glass Co Debt-to-Equity Chart

Central Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.44

0.38

0.36

0.63

Central Glass 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															0.99	0.63	0.59	0.54	0.56

Competitive Comparison of Central Glass Co's Debt-to-Equity

For the Building Materials subindustry, Central Glass 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.

Central Glass Co's Debt-to-Equity Distribution in the Building Materials Industry

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

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

Central Glass Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Central Glass 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
	=	(155.307	+	331.682)	/	774.186
	=	0.63

Central Glass 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
	=	(130.732	+	302.976)	/	776.704
	=	0.56

Central Glass Co (OTCPK:CGCLF) 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.

Central Glass Co Debt-to-Equity Related Terms

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

Central Glass Co (Central Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Central Glass Co Ltd (OTCPK:CGCLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4044:Japan

Address

7-1 Kanda-Nishikicho 3-chome, Kowa-Hitotsubashi Building, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.cgco.co.jp

Central Glass Co Ltd manufactures and sells a variety of chemicals and glass-based products. The firm's two segments are based on product type. The glass segment, which generates the majority of revenue, sells architectural glass used in windows and other building components, automotive glass, and glass used in electronics for touchscreen panels and liquid-crystal display screens. The chemicals segment sells hydrogen fluoride used to make electronics and pharmaceuticals, fertilizers, soda ash and chloride used in water treatment and refrigerants, and glass fiber products. The majority of revenue comes from Japan and North America.

Central Glass Co (Central Glass Co) Headlines

No Headlines