Artience Co (TSE:4634) Debt-to-Equity : 0.33 (As of Mar. 2024)

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What is Artience Co Debt-to-Equity?

Artience Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円26,836 Mil. Artience Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円56,044 Mil. Artience Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円253,205 Mil. Artience Co's debt to equity for the quarter that ended in Mar. 2024 was 0.33.

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

TSE:4634' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.32 Max: 0.4
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Artience Co was 0.40. The lowest was 0.26. And the median was 0.32.

TSE:4634's Debt-to-Equity is ranked better than
53.09% of 1392 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4634: 0.33

Artience Co Debt-to-Equity Historical Data

The historical data trend for Artience 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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Artience Co Debt-to-Equity Chart

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

0.38

0.36

0.38

0.35

Artience 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															0.37	0.36	0.35	0.35	0.33

Competitive Comparison of Artience Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Artience 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.

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

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

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

Artience Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Artience Co's Debt to Equity Ratio for the fiscal year 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
	=	(36542	+	50161)	/	245806
	=	0.35

Artience Co'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
	=	(26836	+	56044)	/	253205
	=	0.33

Artience Co (TSE:4634) 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.

Artience Co Debt-to-Equity Related Terms

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Artience Co (TSE:4634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

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