Dai Nippon Toryo Co (TSE:4611) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Dai Nippon Toryo Co Debt-to-Equity?

Dai Nippon Toryo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円7,177 Mil. Dai Nippon Toryo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円928 Mil. Dai Nippon Toryo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円55,499 Mil. Dai Nippon Toryo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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 Dai Nippon Toryo Co's Debt-to-Equity or its related term are showing as below:

TSE:4611' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 0.53
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Dai Nippon Toryo Co was 0.53. The lowest was 0.07. And the median was 0.12.

TSE:4611's Debt-to-Equity is ranked better than
77.51% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4611: 0.10

Dai Nippon Toryo Co Debt-to-Equity Historical Data

The historical data trend for Dai Nippon Toryo 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.

Dai Nippon Toryo Co Debt-to-Equity Chart

Dai Nippon Toryo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.13

0.15

0.11

0.12

0.10

Dai Nippon Toryo Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.13	0.15	0.15	0.10

Competitive Comparison of Dai Nippon Toryo Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Dai Nippon Toryo 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.

Dai Nippon Toryo Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Dai Nippon Toryo Co's Debt-to-Equity falls into.

Dai Nippon Toryo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dai Nippon Toryo Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5552	+	544)	/	59705
	=	0.10

Dai Nippon Toryo 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
	=	(7177	+	928)	/	55499
	=	0.15

Dai Nippon Toryo Co (TSE:4611) 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.

Dai Nippon Toryo Co Debt-to-Equity Related Terms

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Dai Nippon Toryo Co (TSE:4611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dai Nippon Toryo Co Ltd (TSE:4611) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-124, Nishikujo 6-chome, Konohana-ku, Osaka, JPN, 554-0012

Website

http://www.dnt.co.jp

Dai Nippon Toryo Co Ltd is a Japan-based company engaged in the production and sales of coatings and jet inks. Its product lines include protective, decorative, automobile, and industrial. Products offered by the company include anticorrosive coatings, water-based coatings, and coatings for industrial use. Protective coatings are used in the steel frames of buildings, bridges, industrial plants, and concrete structures. Decorative coatings are used for the interiors, exteriors, and roofs of residential buildings. Automobile coatings are used in automotive components, such as bumpers, door mirrors, and other interior and exterior components. Industrial coatings are designed for applications, such as curtain walls, aluminum sashes, steel furniture, agricultural and construction machinery.

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