Sekisui Kasei Co (TSE:4228) Debt-to-Equity : 0.68 (As of Dec. 2023)

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What is Sekisui Kasei Co Debt-to-Equity?

Sekisui Kasei Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円15,783 Mil. Sekisui Kasei Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円22,509 Mil. Sekisui Kasei Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円56,219 Mil. Sekisui Kasei Co's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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

TSE:4228' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.44 Max: 0.7
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Sekisui Kasei Co was 0.70. The lowest was 0.29. And the median was 0.44.

TSE:4228's Debt-to-Equity is ranked worse than
71.74% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4228: 0.68

Sekisui Kasei Co Debt-to-Equity Historical Data

The historical data trend for Sekisui Kasei 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.

Sekisui Kasei Co Debt-to-Equity Chart

Sekisui Kasei Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.54

0.53

0.65

0.66

Sekisui Kasei Co 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															0.67	0.66	0.68	0.70	0.68

Competitive Comparison of Sekisui Kasei Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Sekisui Kasei 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.

Sekisui Kasei Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sekisui Kasei Co's Debt-to-Equity distribution charts can be found below:

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

Sekisui Kasei Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sekisui Kasei Co'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
	=	(13072	+	25094)	/	57722
	=	0.66

Sekisui Kasei Co'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
	=	(15783	+	22509)	/	56219
	=	0.68

Sekisui Kasei Co (TSE:4228) 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.

Sekisui Kasei Co Debt-to-Equity Related Terms

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

Sekisui Kasei Co (TSE:4228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sekisui Kasei Co Ltd (TSE:4228) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2-4-4 Nishitenma, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisuikasei.com

Sekisui Kasei Co Ltd is a plastic provider solution company. The company is engaged in manufacture and sale of foamed plastic and other plastic products. It operates in two segments, Human Life, and Industry. The products in human life segment include Eslen beads, Eslen sheet, Eslen wood, Interforms, ES molded products such as ES Dan mat, Eslen block used in agricultural and fishery materials, food packaging materials, distribution materials, construction materials, civil engineering materials. The products in Industry segment are Pioceran, Literon, Neomicrolen, Serpet, Techpolymer, Technogel, Techheater, Elastil, Formac, ST-LAYER used in automotive materials, vehicle parts packaging, industrial materials, industrial packaging, electronic component materials, medical and health materials.

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