Citizen Watch Co (Citizen Watch Co) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Citizen Watch Co Debt-to-Equity?

Citizen Watch Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2 Mil. Citizen Watch Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $481 Mil. Citizen Watch Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,630 Mil. Citizen Watch Co's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

CHCLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.28 Max: 0.45
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Citizen Watch Co was 0.45. The lowest was 0.19. And the median was 0.28.

CHCLY's Debt-to-Equity is ranked better than
66.31% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs CHCLY: 0.30

Citizen Watch Co Debt-to-Equity Historical Data

The historical data trend for Citizen Watch 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.

Citizen Watch Co Debt-to-Equity Chart

Citizen Watch Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.20

0.25

0.37

0.29

0.31

Citizen Watch 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															0.27	0.31	0.32	0.31	0.30

Competitive Comparison of Citizen Watch Co's Debt-to-Equity

For the Conglomerates subindustry, Citizen Watch 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.

Citizen Watch Co's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Citizen Watch Co's Debt-to-Equity distribution charts can be found below:

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

Citizen Watch Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citizen Watch Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(103.281	+	419.012)	/	1677.172
	=	0.31

Citizen Watch 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
	=	(2.153	+	480.923)	/	1630.48
	=	0.30

Citizen Watch Co (OTCPK:CHCLY) 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.

Citizen Watch Co Debt-to-Equity Related Terms

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Citizen Watch Co (Citizen Watch Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Citizen Watch Co Ltd (OTCPK:CHCLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7762:Japan CTZ:Germany

Address

6-1-12, Tanashi-cho, Nishi Tokyo-shi, Tokyo, JPN, 188-8511

Website

https://www.citizen.co.jp

Citizen Watch Co Ltd primarily manufactures watches, machine tools, devices, and electronic products that it sells worldwide. Its watches and clocks segment contributes more than half of the company's revenue and includes brands such as Citizen, Bulova, xC, Q&Q, and Attesa. Machine Tools, which consists mostly of automatic lathes, and Devices, which consists largely of auto parts, switches, Chip LEDs, micro LCDs, and quartz crystals, each comprise roughly 15%-20% of total revenue. Electronic Products, which includes printers, health care equipment, and calculators, and Other Products collectively account for the remaining revenue. Japan and Asia (excluding Japan) each account for roughly a third of the company's total sales. Most of the remaining sales are from America and Europe.

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