Kyoritsu Air Tech (TSE:5997) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Kyoritsu Air Tech Debt-to-Equity?

Kyoritsu Air Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,050 Mil. Kyoritsu Air Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Kyoritsu Air Tech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円8,388 Mil. Kyoritsu Air Tech's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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 Kyoritsu Air Tech's Debt-to-Equity or its related term are showing as below:

TSE:5997' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.28 Max: 0.36
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Kyoritsu Air Tech was 0.36. The lowest was 0.24. And the median was 0.28.

TSE:5997's Debt-to-Equity is ranked better than
64.93% of 1514 companies
in the Construction industry
Industry Median: 0.44 vs TSE:5997: 0.24

Kyoritsu Air Tech Debt-to-Equity Historical Data

The historical data trend for Kyoritsu Air Tech'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.

Kyoritsu Air Tech Debt-to-Equity Chart

Kyoritsu Air Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.25

0.26

0.27

0.24

Kyoritsu Air Tech 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															0.27	0.26	0.25	0.25	0.24

Competitive Comparison of Kyoritsu Air Tech's Debt-to-Equity

For the Building Products & Equipment subindustry, Kyoritsu Air Tech'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.

Kyoritsu Air Tech's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kyoritsu Air Tech's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kyoritsu Air Tech's Debt-to-Equity falls into.

Kyoritsu Air Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyoritsu Air Tech's Debt to Equity Ratio for the fiscal year 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
	=	(2050	+	0)	/	8387.745
	=	0.24

Kyoritsu Air Tech'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
	=	(2050	+	0)	/	8387.745
	=	0.24

Kyoritsu Air Tech (TSE:5997) 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.

Kyoritsu Air Tech Debt-to-Equity Related Terms

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

Kyoritsu Air Tech (TSE:5997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kyoritsu Air Tech Inc (TSE:5997) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1034 Daisuki-cho, Kasuya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2414

Website

http://www.kak-net.co.jp

Kyoritsu Air Tech Inc is a Japanese firm engaged in the manufacturing of air-conditioners and various ventilation products. It has building equipment business and housing equipment business. Its products include the flocking air supply unit, variable air volume unit, ventilation unit, fan coil unit, air-disaster prevention damper, and air diffusers.

Kyoritsu Air Tech (TSE:5997) Headlines

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