Koei Chemical Co (TSE:4367) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Koei Chemical Co Debt-to-Equity?

Koei Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,116 Mil. Koei Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,584 Mil. Koei Chemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円21,707 Mil. Koei Chemical Co's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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

TSE:4367' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.48
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Koei Chemical Co was 0.48. The lowest was 0.04. And the median was 0.13.

TSE:4367's Debt-to-Equity is ranked worse than
57.54% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4367: 0.45

Koei Chemical Co Debt-to-Equity Historical Data

The historical data trend for Koei Chemical 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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Koei Chemical Co Debt-to-Equity Chart

Koei Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.04

0.13

0.24

0.48

Koei Chemical 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															0.46	0.48	0.42	0.41	0.45

Competitive Comparison of Koei Chemical Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Koei Chemical 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.

Koei Chemical Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Koei Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Koei Chemical 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
	=	(4653.506	+	6011.812)	/	22054.708
	=	0.48

Koei Chemical 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
	=	(4116	+	5584)	/	21706.729
	=	0.45

Koei Chemical Co (TSE:4367) 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.

Koei Chemical Co Debt-to-Equity Related Terms

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Koei Chemical Co (TSE:4367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Koei Chemical Co Ltd (TSE:4367) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8, Nihonbashi-Koamicho, Chuo-ku, Tokyo, JPN, 103-0016

Website

http://www.koeichem.com

Koei Chemical Co Ltd is a chemical company. It manufactures and sells all kinds of chemical products such as Ionic liquids, polyhydric alcohols, Polyols used in alkyd resin paints used in architecture and automobiles, as well as in air conditioner lubricants and UV inks, Formalin Products used in Adhesives, Synthetic resins, Paints, pyridines, pyrazines, and amines.

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