Kobe Steel (Kobe Steel) Debt-to-Equity : 0.86 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Kobe Steel Debt-to-Equity?

Kobe Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,118 Mil. Kobe Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,062 Mil. Kobe Steel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,217 Mil. Kobe Steel's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

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 Kobe Steel's Debt-to-Equity or its related term are showing as below:

KBSTY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.09 Max: 1.61
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Kobe Steel was 1.61. The lowest was 0.84. And the median was 1.09.

KBSTY's Debt-to-Equity is ranked worse than
75.27% of 558 companies
in the Steel industry
Industry Median: 0.415 vs KBSTY: 0.86

Kobe Steel Debt-to-Equity Historical Data

The historical data trend for Kobe Steel'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.

Kobe Steel Debt-to-Equity Chart

Kobe Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.03

1.41

1.48

1.18

0.99

Kobe Steel 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															1.04	0.99	0.97	0.84	0.86

Competitive Comparison of Kobe Steel's Debt-to-Equity

For the Steel subindustry, Kobe Steel'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.

Kobe Steel's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kobe Steel's Debt-to-Equity distribution charts can be found below:

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

Kobe Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kobe Steel'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
	=	(1272.711	+	5513.342)	/	6837.69
	=	0.99

Kobe Steel'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
	=	(1118.345	+	5062.261)	/	7217.448
	=	0.86

Kobe Steel (OTCPK:KBSTY) 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.

Kobe Steel Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kobe Steel's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Kobe Steel (Kobe Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kobe Steel Ltd (OTCPK:KBSTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KBSTF:USA 5406:Japan KST:Germany

Address

2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, JPN, 651-8585

Website

http://www.kobelco.co.jp

Kobe Steel Ltd is a Japan-based company that is primarily engaged in iron and steel, aluminum and copper, construction machinery, nonconstruction machinery, and engineering businesses. Its iron and steel business involves production of steel products, steel casting and forging, and manufacturing of titanium and steel powder. Its aluminum and copper segment manufactures aluminum and copper products. Its construction machinery segment develops and manufactures construction equipment. The nonconstruction machinery segment offers industrial machinery, compressors and equipment for the nuclear and other energy industries. The engineering segment provides solutions to plants, power stations, and water treatment companies. Japan and China account for the majority of the company's revenue.

Kobe Steel (Kobe Steel) Headlines

No Headlines