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Ajinomoto Co (Ajinomoto Co) Debt-to-Equity : 0.65 (As of Dec. 2023)


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What is Ajinomoto Co Debt-to-Equity?

Ajinomoto Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,978 Mil. Ajinomoto Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,642 Mil. Ajinomoto Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,598 Mil. Ajinomoto Co's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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

AJINF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22   Med: 0.51   Max: 0.7
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Ajinomoto Co was 0.70. The lowest was 0.22. And the median was 0.51.

AJINF's Debt-to-Equity is ranked worse than
64.22% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.405 vs AJINF: 0.65

Ajinomoto Co Debt-to-Equity Historical Data

The historical data trend for Ajinomoto 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.

Ajinomoto Co Debt-to-Equity Chart

Ajinomoto Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.66 0.57 0.46 0.38

Ajinomoto 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.38 0.52 0.47 0.65

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

For the Packaged Foods subindustry, Ajinomoto 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.

Ajinomoto Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajinomoto Co's Debt-to-Equity distribution charts can be found below:

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


Ajinomoto Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ajinomoto 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
=(368.984 + 1789.887) / 5750.795
=0.38

Ajinomoto 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
=(1978.379 + 1641.614) / 5597.518
=0.65

* 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.

Ajinomoto Co  (OTCPK:AJINF) 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.

Ajinomoto Co Debt-to-Equity Related Terms

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Ajinomoto Co (Ajinomoto Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ajinomoto Co Inc (OTCPK:AJINF) » Definitions » Debt-to-Equity
Comparable Companies
TSE:2801 TSE:2897 TSE:2269 TSE:2875 TSE:2212 TSE:2002 TSE:2282 TSE:2871 TSE:2809 TSE:2229 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND LSE:ABF SHSE:600887 SZSE:300999 MKC
Traded in Other Exchanges
AJINY:USA 2802:Japan AJI:Germany
Address
15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315
Website
http://www.ajinomoto.co.jp
Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.