Harima Chemicals Group (TSE:4410) Debt-to-Equity : 1.07 (As of Dec. 2023)

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What is Harima Chemicals Group Debt-to-Equity?

Harima Chemicals Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円34,982 Mil. Harima Chemicals Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,200 Mil. Harima Chemicals Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円38,443 Mil. Harima Chemicals Group's debt to equity for the quarter that ended in Dec. 2023 was 1.07.

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 Harima Chemicals Group's Debt-to-Equity or its related term are showing as below:

TSE:4410' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.57 Max: 1.07
Current: 1.07

During the past 13 years, the highest Debt-to-Equity Ratio of Harima Chemicals Group was 1.07. The lowest was 0.45. And the median was 0.57.

TSE:4410's Debt-to-Equity is ranked worse than
86.14% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4410: 1.07

Harima Chemicals Group Debt-to-Equity Historical Data

The historical data trend for Harima Chemicals Group'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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Harima Chemicals Group Debt-to-Equity Chart

Harima Chemicals Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.52

0.51

0.59

0.91

Harima Chemicals Group 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															0.80	0.91	0.86	1.00	1.07

Competitive Comparison of Harima Chemicals Group's Debt-to-Equity

For the Specialty Chemicals subindustry, Harima Chemicals Group'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.

Harima Chemicals Group's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Harima Chemicals Group's Debt-to-Equity falls into.

Harima Chemicals Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harima Chemicals Group'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
	=	(25861.554	+	7805.738)	/	37102.479
	=	0.91

Harima Chemicals Group'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
	=	(34982	+	6200)	/	38443
	=	1.07

Harima Chemicals Group (TSE:4410) 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.

Harima Chemicals Group Debt-to-Equity Related Terms

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Harima Chemicals Group (TSE:4410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Harima Chemicals Group Inc (TSE:4410) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 - chome Nihonbashi 3 - chome Chuo - ku, Tokyo, JPN, 103-0027

Website

http://www.harima.co.jp

Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a global network with presence in Europe, Asia, Oceania, North America, and South America.

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