DOWA Holdings Co (DOWA Holdings Co) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is DOWA Holdings Co Debt-to-Equity?

DOWA Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $548 Mil. DOWA Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $231 Mil. DOWA Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,575 Mil. DOWA Holdings 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 DOWA Holdings Co's Debt-to-Equity or its related term are showing as below:

DWMNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.54 Max: 0.79
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of DOWA Holdings Co was 0.79. The lowest was 0.30. And the median was 0.54.

DWMNF's Debt-to-Equity is ranked worse than
65.37% of 1311 companies
in the Metals & Mining industry
Industry Median: 0.13 vs DWMNF: 0.30

DOWA Holdings Co Debt-to-Equity Historical Data

The historical data trend for DOWA 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.

* Premium members only.

DOWA Holdings Co Debt-to-Equity Chart

DOWA Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.57

0.59

0.72

0.55

0.45

DOWA 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															0.50	0.45	0.42	0.35	0.30

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

For the Other Industrial Metals & Mining subindustry, DOWA 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.

DOWA Holdings Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, DOWA Holdings Co's Debt-to-Equity distribution charts can be found below:

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

DOWA Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DOWA 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
	=	(774.343	+	395.139)	/	2580.278
	=	0.45

DOWA 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
	=	(548.3	+	231.155)	/	2574.872
	=	0.30

DOWA Holdings Co (OTCPK:DWMNF) 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.

DOWA Holdings Co Debt-to-Equity Related Terms

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DOWA Holdings Co (DOWA Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DOWA Holdings Co Ltd (OTCPK:DWMNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5714:Japan

Address

14-1, Sotokanda 4-chome, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.dowa.co.jp

Dowa Holdings Co Ltd is a Japan-based holding company, with five main business segments. The nonferrous metals segment generates roughly half of group revenue via the production and sale of copper, zinc, lead, gold, silver, and platinum, among other metals. In the environmental management and recycling division, the group engages in waste treatment, soil remediation, resource recycling, and logistics. In the electronic materials segment, the group produces and sells high-purity metal materials, compound semiconductor wafers, conductive materials, battery materials, magnetic materials, reduced iron powder, and other materials. In the metal processing segment, the group produces and sells copper, brass and copper alloy strips, electroplated products, brass rods, and metal-ceramic substrates.

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