ONO Sokki Co (TSE:6858) Debt-to-Equity : 0.23 (As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

What is ONO Sokki Co Debt-to-Equity?

ONO Sokki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,823 Mil. ONO Sokki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円398 Mil. ONO Sokki Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円13,948 Mil. ONO Sokki Co's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

TSE:6858' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.2 Max: 0.31
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of ONO Sokki Co was 0.31. The lowest was 0.13. And the median was 0.20.

TSE:6858's Debt-to-Equity is ranked better than
56.91% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:6858: 0.23

ONO Sokki Co Debt-to-Equity Historical Data

The historical data trend for ONO Sokki 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.

* Premium members only.

ONO Sokki Co Debt-to-Equity Chart

ONO Sokki Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.19

0.24

0.28

0.31

0.23

ONO Sokki Co 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															0.31	0.23	0.21	0.24	0.23

Competitive Comparison of ONO Sokki Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, ONO Sokki 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.

ONO Sokki Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

ONO Sokki Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ONO Sokki Co'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
	=	(2823	+	398)	/	13948
	=	0.23

ONO Sokki 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
	=	(2823	+	398)	/	13948
	=	0.23

ONO Sokki Co (TSE:6858) 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.

ONO Sokki Co Debt-to-Equity Related Terms

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

ONO Sokki Co (TSE:6858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ONO Sokki Co Ltd (TSE:6858) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-9-3 Shin-Yokohama, Kohoku-ku, Yokohama, JPN, 222-8507

Website

http://www.onosokki.co.jp

ONO Sokki Co., Ltd. is engaged in the manufacturing and sales of electronic measuring instruments, applied electronic equipment, electronic control systems and related equipment. In addition, the company is involved in the sales of software for information processing systems and provision of engineering services. The company's products include digital measuring instruments, tachometer generators, data analyzers and test systems, torque meters, automobile manufacturing test systems, and industrial automatic systems.

ONO Sokki Co (TSE:6858) Headlines

No Headlines