Carlit Holdings Co (TSE:4275) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Carlit Holdings Co Debt-to-Equity?

Carlit Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円588 Mil. Carlit Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円588 Mil. Carlit Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円35,837 Mil. Carlit Holdings Co'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 Carlit Holdings Co's Debt-to-Equity or its related term are showing as below:

TSE:4275' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.3 Max: 0.44
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Carlit Holdings Co was 0.44. The lowest was 0.03. And the median was 0.30.

TSE:4275's Debt-to-Equity is ranked better than
91.49% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4275: 0.03

Carlit Holdings Co Debt-to-Equity Historical Data

The historical data trend for Carlit Holdings 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.

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Carlit Holdings Co Debt-to-Equity Chart

Carlit Holdings Co Annual Data

Trend

Mar12

Mar13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.39

0.36

0.27

0.11

0.09

Carlit Holdings 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															0.13	0.09	0.05	0.04	0.03

Competitive Comparison of Carlit Holdings Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Carlit Holdings 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.

Carlit Holdings Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Carlit Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Carlit Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Carlit Holdings 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
	=	(1004	+	1874)	/	33177
	=	0.09

Carlit Holdings 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
	=	(588	+	588)	/	35837
	=	0.03

Carlit Holdings Co (TSE:4275) 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.

Carlit Holdings Co Debt-to-Equity Related Terms

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Carlit Holdings Co (TSE:4275) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Carlit Holdings Co Ltd (TSE:4275) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-17-10, Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.carlithd.co.jp

Carlit Holdings Co Ltd is a Japan-based company. Along with its subsidiaries, Carlit operates in four business divisions including chemicals, bottling, industrial materials and other business. Its chemical division manufacture and sell industrial explosives used in quarrying limestone and other rocks, automotive emergency flares, sodium chlorate, and ammonium perchlorate. Bottling division is engaged in manufacturing of canned and PET bottles. Industrial materials division manufacture and sell silicon wafers for semiconductors used in computers and LED lighting. Other business division is engaged in the design and supervision of sewerage, water supply and wastewater treatment facilities, sales and application of industrial coatings and paints, and the provision of construction engineering.

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