Kuraray Co (TSE:3405) Debt-to-Asset : 0.21 (As of Mar. 2024)

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What is Kuraray Co Debt-to-Asset?

Kuraray Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円55,398 Mil. Kuraray Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円211,445 Mil. Kuraray Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was 円1,293,039 Mil. Kuraray Co's debt to asset for the quarter that ended in Mar. 2024 was 0.21.

Kuraray Co Debt-to-Asset Historical Data

The historical data trend for Kuraray Co's Debt-to-Asset 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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Kuraray Co Debt-to-Asset Chart

Kuraray Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.24

0.33

0.28

0.27

0.23

Kuraray 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-Asset	Get a 7-Day Free Trial															0.26	0.23	0.22	0.23	0.21

Competitive Comparison of Kuraray Co's Debt-to-Asset

For the Chemicals subindustry, Kuraray Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Kuraray Co's Debt-to-Asset Distribution in the Chemicals Industry

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

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

Kuraray Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Kuraray Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(64712	+	217312)	/	1254485
	=	0.22

Kuraray Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(55398	+	211445)	/	1293039
	=	0.21

Kuraray Co (TSE:3405) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Kuraray Co Debt-to-Asset Related Terms

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Kuraray Co (TSE:3405) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kuraray Co Ltd (TSE:3405) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KURRY:USA KURRF:USA KUY:Germany

Address

Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-8115

Website

http://www.kuraray.co.jp

Kuraray Co Ltd manufactures and sells specialty chemicals, fiber, and resin. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the most revenue of any segment, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Fibers and Textiles segment sells fibers for cement and concrete, industrial products for automobiles, and hook and loop fasteners for clothing. The other two segments are Trading, and Other. The majority of revenue comes from Asia.

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