Kyowa Leather Cloth Co (TSE:3553) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Kyowa Leather Cloth Co Debt-to-Equity?

Kyowa Leather Cloth Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円368 Mil. Kyowa Leather Cloth Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Kyowa Leather Cloth Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円35,081 Mil. Kyowa Leather Cloth Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Kyowa Leather Cloth Co's Debt-to-Equity or its related term are showing as below:

TSE:3553' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Kyowa Leather Cloth Co was 0.03. The lowest was 0.01. And the median was 0.02.

TSE:3553's Debt-to-Equity is ranked better than
99.93% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs TSE:3553: 0.01

Kyowa Leather Cloth Co Debt-to-Equity Historical Data

The historical data trend for Kyowa Leather Cloth 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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Kyowa Leather Cloth Co Debt-to-Equity Chart

Kyowa Leather Cloth Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

Kyowa Leather Cloth Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Competitive Comparison of Kyowa Leather Cloth Co's Debt-to-Equity

For the Chemicals subindustry, Kyowa Leather Cloth 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.

Kyowa Leather Cloth Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kyowa Leather Cloth Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kyowa Leather Cloth Co's Debt-to-Equity falls into.

Kyowa Leather Cloth Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyowa Leather Cloth Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(358	+	0)	/	36330
	=	0.01

Kyowa Leather Cloth 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
	=	(368	+	0)	/	35081
	=	0.01

Kyowa Leather Cloth Co (TSE:3553) 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.

Kyowa Leather Cloth Co Debt-to-Equity Related Terms

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Kyowa Leather Cloth Co (TSE:3553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kyowa Leather Cloth Co Ltd (TSE:3553) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 30-8510

Website

http://www.kyowale.co.jp

Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

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