TOKYO PRINTING INK MFG Co (TSE:4635) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is TOKYO PRINTING INK MFG Co Debt-to-Equity?

TOKYO PRINTING INK MFG Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,321 Mil. TOKYO PRINTING INK MFG Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,190 Mil. TOKYO PRINTING INK MFG Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円28,277 Mil. TOKYO PRINTING INK MFG Co's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 TOKYO PRINTING INK MFG Co's Debt-to-Equity or its related term are showing as below:

TSE:4635' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.35 Max: 0.44
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of TOKYO PRINTING INK MFG Co was 0.44. The lowest was 0.24. And the median was 0.35.

TSE:4635's Debt-to-Equity is ranked better than
58.65% of 1388 companies
in the Chemicals industry
Industry Median: 0.36 vs TSE:4635: 0.27

TOKYO PRINTING INK MFG Co Debt-to-Equity Historical Data

The historical data trend for TOKYO PRINTING INK MFG 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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TOKYO PRINTING INK MFG Co Debt-to-Equity Chart

TOKYO PRINTING INK MFG Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.32

0.30

0.36

0.28

TOKYO PRINTING INK MFG 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															0.24	0.28	0.29	0.27	0.27

Competitive Comparison of TOKYO PRINTING INK MFG Co's Debt-to-Equity

For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG 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.

TOKYO PRINTING INK MFG Co's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where TOKYO PRINTING INK MFG Co's Debt-to-Equity falls into.

TOKYO PRINTING INK MFG Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TOKYO PRINTING INK MFG 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
	=	(4822	+	2730)	/	27093
	=	0.28

TOKYO PRINTING INK MFG 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
	=	(5321	+	2190)	/	28277
	=	0.27

TOKYO PRINTING INK MFG Co (TSE:4635) 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.

TOKYO PRINTING INK MFG Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of TOKYO PRINTING INK MFG Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

TOKYO PRINTING INK MFG Co (TSE:4635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOKYO PRINTING INK MFG Co Ltd (TSE:4635) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-4 Oji, Kita-ku, Tokyo, JPN

Website

http://www.tokyoink.co.jp

TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.

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