Okamura Foods Co (TSE:2938) Debt-to-Equity : 1.51 (As of Jun. 2023)

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What is Okamura Foods Co Debt-to-Equity?

Okamura Foods Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was 円11,088 Mil. Okamura Foods Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was 円3,910 Mil. Okamura Foods Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was 円9,967 Mil. Okamura Foods Co's debt to equity for the quarter that ended in Jun. 2023 was 1.50.

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

TSE:2938' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.51 Med: 1.55 Max: 1.71
Current: 1.51

During the past 3 years, the highest Debt-to-Equity Ratio of Okamura Foods Co was 1.71. The lowest was 1.51. And the median was 1.55.

TSE:2938's Debt-to-Equity is ranked worse than
87.67% of 1654 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TSE:2938: 1.51

Okamura Foods Co Debt-to-Equity Historical Data

The historical data trend for Okamura Foods 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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Okamura Foods Co Debt-to-Equity Chart

Okamura Foods Co Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

1.71

1.55

1.51

Okamura Foods Co Semi-Annual Data
	Jun21	Jun22	Jun23
Debt-to-Equity	1.71	1.55	1.51

Competitive Comparison of Okamura Foods Co's Debt-to-Equity

For the Farm Products subindustry, Okamura Foods 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.

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

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

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

Okamura Foods Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okamura Foods Co'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
	=	(11088	+	3910)	/	9967
	=	1.50

Okamura Foods Co's Debt to Equity Ratio for the quarter 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
	=	(11088	+	3910)	/	9967
	=	1.50

Okamura Foods Co (TSE:2938) 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.

Okamura Foods Co Debt-to-Equity Related Terms

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Okamura Foods Co (TSE:2938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Okamura Foods Co Ltd (TSE:2938) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-11 Yaeda, Aomori Prefecture, Aomori, JPN, 030-0912

Website

https://www.okamurashokuhin.co.jp

Okamura Foods Co Ltd is engaged in the business of aquaculture, Salmon farming, processing and sales of marine products, wholesale of marine products.

Okamura Foods Co (TSE:2938) Headlines

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