Daio Paper (TSE:3880) Debt-to-Equity : 1.98 (As of Dec. 2023)

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What is Daio Paper Debt-to-Equity?

Daio Paper's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円128,221 Mil. Daio Paper's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円361,046 Mil. Daio Paper's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円246,744 Mil. Daio Paper's debt to equity for the quarter that ended in Dec. 2023 was 1.98.

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 Daio Paper's Debt-to-Equity or its related term are showing as below:

TSE:3880' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.46 Med: 2.03 Max: 3.7
Current: 1.98

During the past 13 years, the highest Debt-to-Equity Ratio of Daio Paper was 3.70. The lowest was 1.46. And the median was 2.03.

TSE:3880's Debt-to-Equity is ranked worse than
92.08% of 265 companies
in the Forest Products industry
Industry Median: 0.5 vs TSE:3880: 1.98

Daio Paper Debt-to-Equity Historical Data

The historical data trend for Daio Paper'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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Daio Paper Debt-to-Equity Chart

Daio Paper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

2.18

1.98

1.77

1.46

2.05

Daio Paper 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															1.96	2.05	2.02	2.06	1.98

Competitive Comparison of Daio Paper's Debt-to-Equity

For the Paper & Paper Products subindustry, Daio Paper'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.

Daio Paper's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Daio Paper's Debt-to-Equity distribution charts can be found below:

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

Daio Paper Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daio Paper'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
	=	(112527	+	369136)	/	235120
	=	2.05

Daio Paper'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
	=	(128221	+	361046)	/	246744
	=	1.98

Daio Paper (TSE:3880) 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.

Daio Paper Debt-to-Equity Related Terms

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

Daio Paper (TSE:3880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Daio Paper Corp (TSE:3880) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-2, Fujimi 2 chome, Iidabashi Grand Bloom, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

http://www.daio-paper.co.jp

Daio Paper Corp is a Japan-based paper, pulp and paperboard manufacturer. It produces general printing paper for magazines and catalogs, newsprint, office paper, corrugated materials, kraft liner, facial and toilet tissue, paper towels etc. The company's main products Newsprint, coated paper, wood free paper, publication paper, PPC paper, carbonless paper, adhesive printing paper, functional materials, wrapping paper, household paper products like facial tissue, toilet tissue, paper towels, sanitary napkins, disposable diapers, among others, kraft linerboard (containerboard), and various types of pulp.

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