Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is Coca-Cola Bottlers Japan Holdings Debt-to-Equity?

Coca-Cola Bottlers Japan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $321 Mil. Coca-Cola Bottlers Japan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $939 Mil. Coca-Cola Bottlers Japan Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,263 Mil. Coca-Cola Bottlers Japan Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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 Coca-Cola Bottlers Japan Holdings's Debt-to-Equity or its related term are showing as below:

CCOJY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.29 Max: 0.54
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Coca-Cola Bottlers Japan Holdings was 0.54. The lowest was 0.10. And the median was 0.29.

CCOJY's Debt-to-Equity is ranked worse than
56.99% of 93 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.27 vs CCOJY: 0.39

Coca-Cola Bottlers Japan Holdings Debt-to-Equity Historical Data

The historical data trend for Coca-Cola Bottlers Japan Holdings'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.

Coca-Cola Bottlers Japan Holdings Debt-to-Equity Chart

Coca-Cola Bottlers Japan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.54

0.44

0.38

0.39

Coca-Cola Bottlers Japan Holdings 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															0.38	0.38	0.38	0.38	0.39

Competitive Comparison of Coca-Cola Bottlers Japan Holdings's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Bottlers Japan Holdings'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.

Coca-Cola Bottlers Japan Holdings's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Bottlers Japan Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Coca-Cola Bottlers Japan Holdings's Debt-to-Equity falls into.

Coca-Cola Bottlers Japan Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Coca-Cola Bottlers Japan Holdings'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
	=	(321.194	+	938.669)	/	3263.246
	=	0.39

Coca-Cola Bottlers Japan Holdings'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
	=	(321.194	+	938.669)	/	3263.246
	=	0.39

Coca-Cola Bottlers Japan Holdings (OTCPK:CCOJY) 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.

Coca-Cola Bottlers Japan Holdings Debt-to-Equity Related Terms

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Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Bottlers Japan Holdings Inc (OTCPK:CCOJY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2579:Japan CCW:Germany

Address

9-7-1 Akasaka, Minato-ku, Tokyo Midtown Tower, Fukuoka, JPN, 107-6211

Website

https://www.ccbj-holdings.com

Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer, which operates through licensing agreements with The Coca-Cola Company based in the United States. It functions through two business segments, namely The Cold Beverage segment and The Healthcare and Skincare segment. The Cold Beverage segment by far accounts for most of the company's revenue generating operations. It represents the manufacture and sale of beverages such as sports drinks, tea beverages, sparkling beverages and mineral water. Its secondary business is carried out through the Healthcare and Skincare segment which produces and sells health food and cosmetics.