Chugoku Marine Paints (TSE:4617) Debt-to-Equity : 0.36 (As of Mar. 2024)

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What is Chugoku Marine Paints Debt-to-Equity?

Chugoku Marine Paints's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円23,234 Mil. Chugoku Marine Paints's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,351 Mil. Chugoku Marine Paints's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円70,515 Mil. Chugoku Marine Paints's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

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 Chugoku Marine Paints's Debt-to-Equity or its related term are showing as below:

TSE:4617' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.41
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Chugoku Marine Paints was 0.41. The lowest was 0.27. And the median was 0.34.

TSE:4617's Debt-to-Equity is ranked better than
50.18% of 1401 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4617: 0.36

Chugoku Marine Paints Debt-to-Equity Historical Data

The historical data trend for Chugoku Marine Paints'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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Chugoku Marine Paints Debt-to-Equity Chart

Chugoku Marine Paints Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.36

0.35

0.37

0.41

0.36

Chugoku Marine Paints 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															0.41	0.38	0.37	0.42	0.36

Competitive Comparison of Chugoku Marine Paints's Debt-to-Equity

For the Specialty Chemicals subindustry, Chugoku Marine Paints'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.

Chugoku Marine Paints's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Chugoku Marine Paints's Debt-to-Equity falls into.

Chugoku Marine Paints Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chugoku Marine Paints'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
	=	(23234	+	2351)	/	70515
	=	0.36

Chugoku Marine Paints's Debt to Equity Ratio for the quarter 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
	=	(23234	+	2351)	/	70515
	=	0.36

Chugoku Marine Paints (TSE:4617) 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.

Chugoku Marine Paints Debt-to-Equity Related Terms

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Chugoku Marine Paints Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chugoku Marine Paints Ltd (TSE:4617) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-6-6 Kasumigaseki, Tokyo Club Building, Chiyoda-ku, Tokyo, JPN, 100-0013

Website

http://www.cmp.co.jp

Chugoku Marine Paints Ltd is a Japanese paint manufacturing firm. The company engages in manufacturing and marketing a variety of paints and coating materials which include marine paints, industrial paints, and container paints. Its products are used for various industry applications such as anti-fouling and epoxy paint for ships, caulking material for railways, and UV curable paint for plastics. It also undertakes painting contracts and serves a wide range of client base from across the world.

Chugoku Marine Paints Headlines

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