Dai-Ichi Cutter Kogyo KK (TSE:1716) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Dai-Ichi Cutter Kogyo KK Debt-to-Equity?

Dai-Ichi Cutter Kogyo KK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円70 Mil. Dai-Ichi Cutter Kogyo KK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円285 Mil. Dai-Ichi Cutter Kogyo KK's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円17,546 Mil. Dai-Ichi Cutter Kogyo KK's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Dai-Ichi Cutter Kogyo KK's Debt-to-Equity or its related term are showing as below:

TSE:1716' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Dai-Ichi Cutter Kogyo KK was 0.03. The lowest was 0.00. And the median was 0.02.

TSE:1716's Debt-to-Equity is ranked better than
95.81% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs TSE:1716: 0.02

Dai-Ichi Cutter Kogyo KK Debt-to-Equity Historical Data

The historical data trend for Dai-Ichi Cutter Kogyo KK'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.

Dai-Ichi Cutter Kogyo KK Debt-to-Equity Chart

Dai-Ichi Cutter Kogyo KK Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.02

0.03

Dai-Ichi Cutter Kogyo KK 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															0.03	0.03	0.02	0.02	0.02

Competitive Comparison of Dai-Ichi Cutter Kogyo KK's Debt-to-Equity

For the Engineering & Construction subindustry, Dai-Ichi Cutter Kogyo KK'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.

Dai-Ichi Cutter Kogyo KK's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dai-Ichi Cutter Kogyo KK's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dai-Ichi Cutter Kogyo KK's Debt-to-Equity falls into.

Dai-Ichi Cutter Kogyo KK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dai-Ichi Cutter Kogyo KK's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(92.919	+	374.549)	/	16619.007
	=	0.03

Dai-Ichi Cutter Kogyo KK's Debt to Equity Ratio for the quarter 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
	=	(70.389	+	285.473)	/	17545.898
	=	0.02

Dai-Ichi Cutter Kogyo KK (TSE:1716) 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.

Dai-Ichi Cutter Kogyo KK Debt-to-Equity Related Terms

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Dai-Ichi Cutter Kogyo KK (TSE:1716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dai-Ichi Cutter Kogyo KK (TSE:1716) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Hagien, Chigasaki-shi, Kanagawa, JPN, 253-0071

Website

http://www.daiichi-cutter.co.jp

Dai-Ichi Cutter Kogyo KK operates in the construction industry. It performs cutting, drilling, and surface polishing works for asphalt and concrete infrastructures. It also provides washing works for production facilities. The company's business division includes Diamond construction method, Water jet construction method, Blasting method, Base treatment method, and Building Maintenance.

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