Chori Co (TSE:8014) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Chori Co Debt-to-Equity?

Chori Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,000 Mil. Chori Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円47 Mil. Chori Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円80,333 Mil. Chori Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSE:8014' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.09
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Chori Co was 0.09. The lowest was 0.03. And the median was 0.05.

TSE:8014's Debt-to-Equity is ranked better than
90.04% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs TSE:8014: 0.03

Chori Co Debt-to-Equity Historical Data

The historical data trend for Chori 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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Chori Co Debt-to-Equity Chart

Chori Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.04

0.08

0.07

0.03

Chori Co 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															0.07	0.06	0.05	0.05	0.03

Competitive Comparison of Chori Co's Debt-to-Equity

For the Conglomerates subindustry, Chori 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.

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

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

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

Chori Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chori Co'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
	=	(2736	+	19)	/	82054
	=	0.03

Chori 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
	=	(4000	+	47)	/	80333
	=	0.05

Chori Co (TSE:8014) 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.

Chori Co Debt-to-Equity Related Terms

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Chori Co (TSE:8014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Chori Co Ltd (TSE:8014) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-3 , Awajimachi, Chuo-ku, Osaka, JPN, 540-8603

Website

http://www.chori.co.jp

Chori Co Ltd engages in textiles, chemicals, and machinery businesses. The textile business is engaged in weaving, knitting, dyeing and sewing. It sells polyester threads mainly for materials such as car seats, and handling fabrics centering on car seats and for apparels. Chemical business develops inorganic chemicals and mineral products for cosmetics, personal care and food additive applications. Machinery businesses export agricultural machinery, construction machinery, industrial equipment, and marine equipment. Chori has geographic operations in China, Japan, Europe, the United States, Hong Kong, and the Middle East.

Chori Co (TSE:8014) Headlines

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