DKK-TOA (TSE:6848) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is DKK-TOA Debt-to-Equity?

DKK-TOA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円503 Mil. DKK-TOA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円89 Mil. DKK-TOA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円21,155 Mil. DKK-TOA's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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 DKK-TOA's Debt-to-Equity or its related term are showing as below:

TSE:6848' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.05
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of DKK-TOA was 0.05. The lowest was 0.02. And the median was 0.03.

TSE:6848's Debt-to-Equity is ranked better than
89.73% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:6848: 0.03

DKK-TOA Debt-to-Equity Historical Data

The historical data trend for DKK-TOA'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.

DKK-TOA Debt-to-Equity Chart

DKK-TOA Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.02

DKK-TOA 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	0.03	0.02	0.03	-

Competitive Comparison of DKK-TOA's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, DKK-TOA'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.

DKK-TOA's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, DKK-TOA's Debt-to-Equity distribution charts can be found below:

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

DKK-TOA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DKK-TOA'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
	=	(0	+	0)	/	22369
	=	0.00

DKK-TOA'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
	=	(503	+	89)	/	21155
	=	0.03

DKK-TOA (TSE:6848) 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.

DKK-TOA Debt-to-Equity Related Terms

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DKK-TOA (TSE:6848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » DKK-TOA Corp (TSE:6848) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

29-10, 1-Chome, Takadanobaba, Shinjuku-ku, Tokyo, JPN, 169-8648

Website

http://www.toadkk.co.jp

DKK-TOA Corp engages in the manufacture and sale of analytical and various measuring instruments. It also manufactures and sells toxic and deleterious agents and reagents, and accepts contracts for instrumentation, electrical and telecommunications works. The company offers analytical instruments, such as laboratory analyzers, portable and handheld analyzers, and EOL products; and industrial, environmental, medical, and other measuring and analytical instruments. It also provides process analyzers; analyzers for water and waste water treatment, boiler water applications, and oil refineries; water quality analyzers/systems and ambient air/emission gas analyzers; and pH measurement and oxidation-reduction potential measurement products.

DKK-TOA (TSE:6848) Headlines

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