Okayama Paper Industries Co (TSE:3892) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Okayama Paper Industries Co Debt-to-Equity?

Okayama Paper Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円0 Mil. Okayama Paper Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円0 Mil. Okayama Paper Industries Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円11,942 Mil. Okayama Paper Industries Co's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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

TSE:3892' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.23
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Okayama Paper Industries Co was 0.23. The lowest was 0.00. And the median was 0.01.

TSE:3892's Debt-to-Equity is ranked better than
99.62% of 264 companies
in the Forest Products industry
Industry Median: 0.505 vs TSE:3892: 0.01

Okayama Paper Industries Co Debt-to-Equity Historical Data

The historical data trend for Okayama Paper Industries 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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Okayama Paper Industries Co Debt-to-Equity Chart

Okayama Paper Industries Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.01

Okayama Paper Industries Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	-	-	-

Competitive Comparison of Okayama Paper Industries Co's Debt-to-Equity

For the Paper & Paper Products subindustry, Okayama Paper Industries 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.

Okayama Paper Industries Co's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Okayama Paper Industries Co's Debt-to-Equity distribution charts can be found below:

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

Okayama Paper Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okayama Paper Industries Co's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(23.985	+	48.801)	/	10534.474
	=	0.01

Okayama Paper Industries Co's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0	+	0)	/	11941.735
	=	0.00

Okayama Paper Industries Co (TSE:3892) 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.

Okayama Paper Industries Co Debt-to-Equity Related Terms

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Okayama Paper Industries Co (TSE:3892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Okayama Paper Industries Co Ltd (TSE:3892) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 No. 34, Minami-ku, Hamano 1-chome, Okayama, JPN, 700-0845

Website

http://www.okayamaseishi.co.jp

Okayama Paper Industries Co., Ltd. is engaged in manufacturing and sales of SMIC raw paper, paper tube base paper, flat sheet. It is in a packaging material field as a manufacturer of cardboard and decorative corrugated cardboard made of core paper and paper tube base paper. It offers products such as base papers, containerboard, stencil paper tubes, paper tube base papers, and cardboard plates.

Okayama Paper Industries Co (TSE:3892) Headlines

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