Chugai Ro Co (TSE:1964) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Chugai Ro Co Debt-to-Equity?

Chugai Ro Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円7,118 Mil. Chugai Ro Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,284 Mil. Chugai Ro Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円24,542 Mil. Chugai Ro Co's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

TSE:1964' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.22 Max: 0.61
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Chugai Ro Co was 0.61. The lowest was 0.17. And the median was 0.22.

TSE:1964's Debt-to-Equity is ranked worse than
54.93% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:1964: 0.34

Chugai Ro Co Debt-to-Equity Historical Data

The historical data trend for Chugai Ro 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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Chugai Ro Co Debt-to-Equity Chart

Chugai Ro Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.24

0.49

0.28

0.17

Chugai Ro 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															0.18	0.17	0.34	0.42	0.34

Competitive Comparison of Chugai Ro Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Chugai Ro 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.

Chugai Ro Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chugai Ro Co's Debt-to-Equity distribution charts can be found below:

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

Chugai Ro Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chugai Ro 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
	=	(2800	+	1188)	/	23859
	=	0.17

Chugai Ro 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
	=	(7118	+	1284)	/	24542
	=	0.34

Chugai Ro Co (TSE:1964) 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.

Chugai Ro Co Debt-to-Equity Related Terms

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Chugai Ro Co (TSE:1964) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chugai Ro Co Ltd (TSE:1964) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-6-1 Hiranomachi, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.chugai.co.jp

Chugai Ro Co Ltd is engaged in the development of technologies in the thermal technology field. The company operates through three segments namely Energy, Environmental preservation, and Information or communications. It offers various products including heat treatment furnaces for automobile machine parts, steel and nonferrous-metal heating furnaces, gas burner, film coating and drying equipment and environmental equipment and others.

Chugai Ro Co (TSE:1964) Headlines

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