Furukawa Battery Co (FRA:FBB) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Furukawa Battery Co Debt-to-Equity?

Furukawa Battery Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €50.1 Mil. Furukawa Battery Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €10.5 Mil. Furukawa Battery Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €223.8 Mil. Furukawa Battery Co's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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

FRA:FBB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: 0.77
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Furukawa Battery Co was 0.77. The lowest was 0.17. And the median was 0.33.

FRA:FBB's Debt-to-Equity is ranked better than
61.46% of 2623 companies
in the Industrial Products industry
Industry Median: 0.28 vs FRA:FBB: 0.19

Furukawa Battery Co Debt-to-Equity Historical Data

The historical data trend for Furukawa Battery 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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Furukawa Battery Co Debt-to-Equity Chart

Furukawa Battery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.28

0.22

0.17

0.19

Furukawa Battery 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															0.19	0.21	0.26	0.27	0.19

Competitive Comparison of Furukawa Battery Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Furukawa Battery 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.

Furukawa Battery Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Furukawa Battery Co's Debt-to-Equity distribution charts can be found below:

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

Furukawa Battery Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Furukawa Battery 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
	=	(27.418	+	16.371)	/	225.145
	=	0.19

Furukawa Battery 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
	=	(50.149	+	10.47)	/	223.764
	=	0.27

Furukawa Battery Co (FRA:FBB) 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.

Furukawa Battery Co Debt-to-Equity Related Terms

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Furukawa Battery Co (FRA:FBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furukawa Battery Co Ltd (FRA:FBB) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

6937:Japan

Address

Hoshikawa SF Building, 2-4-1 Hoshikawa, Hodogaya-Ku, Yokohama, Kanagawa Prefecture, JPN, 240-0006

Website

http://www.furukawadenchi.co.jp

Furukawa Battery Co Ltd manufactures batteries for automobile, industrial infrastructure, disaster prevention and train, aircraft and space development industries. Automobile segment manufactures batteries for k-cars, mid-size cars, large size cars and motorcycles and also for hybrid and iss cars. Industrial infrastructure segment encompasses storage batteries combined with various power supply devices. Its products are the lead acid storage battery, alkaline storage battery, solar power generation systems for industrial use, battery condition watcher, automotive batteries, motorcycle battery, railway carrier batteries, cycle service storage batteries and power supplies. Automobile segment generates most of the revenues for the company.

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