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Omikenshi Co (TSE:3111) Debt-to-Equity : 6.26 (As of Mar. 2024)


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What is Omikenshi Co Debt-to-Equity?

Omikenshi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円3,546 Mil. Omikenshi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円6,557 Mil. Omikenshi Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円1,614 Mil. Omikenshi Co's debt to equity for the quarter that ended in Mar. 2024 was 6.26.

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

TSE:3111' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.29   Med: 2.45   Max: 6.26
Current: 6.26

During the past 13 years, the highest Debt-to-Equity Ratio of Omikenshi Co was 6.26. The lowest was 1.29. And the median was 2.45.

TSE:3111's Debt-to-Equity is ranked worse than
98.18% of 934 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs TSE:3111: 6.26

Omikenshi Co Debt-to-Equity Historical Data

The historical data trend for Omikenshi 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.

Omikenshi Co Debt-to-Equity Chart

Omikenshi Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.32 2.66 2.75 3.83 6.26

Omikenshi 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.83 4.03 6.63 8.47 6.26

Competitive Comparison of Omikenshi Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Omikenshi 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.


Omikenshi Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Omikenshi Co's Debt-to-Equity distribution charts can be found below:

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



Omikenshi Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omikenshi Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Omikenshi Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Omikenshi Co  (TSE:3111) 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.


Omikenshi Co Debt-to-Equity Related Terms

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Omikenshi Co Business Description

Traded in Other Exchanges
N/A
Address
4-1-1 Minamoto-cho, Chuo-ku, Osaka, JPN, 541-8541
Omikenshi Co Ltd is engaged in the manufacturing, processing and sale of cotton yarn, rayon cotton, rayon yarn, various synthetic yarns and mixed spinning yarns. The company also produces, processes, and sells various knitting, textile, and nonwoven fabric products; and various towels and bedding goods, as well as cosmetics products.

Omikenshi Co Headlines

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