SK Kaken Co (TSE:4628) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is SK Kaken Co Debt-to-Equity?

SK Kaken Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,000 Mil. SK Kaken Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. SK Kaken Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円150,155 Mil. SK Kaken Co's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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

TSE:4628' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of SK Kaken Co was 0.03. The lowest was 0.02. And the median was 0.03.

TSE:4628's Debt-to-Equity is ranked better than
96.11% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4628: 0.02

SK Kaken Co Debt-to-Equity Historical Data

The historical data trend for SK Kaken 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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SK Kaken Co Debt-to-Equity Chart

SK Kaken Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

SK Kaken 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of SK Kaken Co's Debt-to-Equity

For the Specialty Chemicals subindustry, SK Kaken 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.

SK Kaken Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

SK Kaken Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SK Kaken 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
	=	(3000	+	0)	/	152610
	=	0.02

SK Kaken 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
	=	(3000	+	0)	/	150155
	=	0.02

SK Kaken Co (TSE:4628) 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.

SK Kaken Co Debt-to-Equity Related Terms

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SK Kaken Co (TSE:4628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SK Kaken Co Ltd (TSE:4628) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-25, Nakahozumi, Ibaraki, Osaka, JPN, 567 0034

Website

http://www.sk-kaken.co.jp

SK Kaken Co Ltd is a building coating manufacturer based in Japan. Its main businesses are, Decorative Coatings business which is involved in the manufacturing and sales of organic/inorganic water-based painting material, synthetic resin coating, inorganic painting material, inorganic construction materials and special finisher things; Fireproof Insulated business is engaged in the manufacturing and sales of fireproof paints and contract of fireproof, insulated construction; and Other business engages in manufacturing and sales of various transformation goods and cleaning agents.

SK Kaken Co (TSE:4628) Headlines

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