Daito Chemix (TSE:4366) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Daito Chemix Debt-to-Equity?

Daito Chemix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,959 Mil. Daito Chemix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,258 Mil. Daito Chemix's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円15,426 Mil. Daito Chemix's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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 Daito Chemix's Debt-to-Equity or its related term are showing as below:

TSE:4366' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.32 Max: 0.42
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Daito Chemix was 0.42. The lowest was 0.22. And the median was 0.32.

TSE:4366's Debt-to-Equity is ranked worse than
53.64% of 1389 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4366: 0.40

Daito Chemix Debt-to-Equity Historical Data

The historical data trend for Daito Chemix'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.

Daito Chemix Debt-to-Equity Chart

Daito Chemix Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.33

0.30

0.26

0.28

0.31

Daito Chemix 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															0.34	0.31	0.36	0.42	0.40

Competitive Comparison of Daito Chemix's Debt-to-Equity

For the Chemicals subindustry, Daito Chemix'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.

Daito Chemix's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Daito Chemix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daito Chemix'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
	=	(1963	+	2759)	/	15174
	=	0.31

Daito Chemix'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
	=	(2959	+	3258)	/	15426
	=	0.40

Daito Chemix (TSE:4366) 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.

Daito Chemix Debt-to-Equity Related Terms

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Daito Chemix (TSE:4366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daito Chemix Corp (TSE:4366) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-7 Matsuta-Omiya, Tsurumi-ku, Osaka, JPN

Website

http://www.daitochemix.co.jp

Daito Chemix Corporation is engaged in the manufacture and sale of photosensitive materials, printing materials, photography materials, recording materials, and pharmaceutical intermediates, as well as other chemical products in Japan.

Daito Chemix (TSE:4366) Headlines

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