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Kitac (TSE:4707) Debt-to-Equity : 0.74 (As of Apr. 2024)


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What is Kitac Debt-to-Equity?

Kitac's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円1,850 Mil. Kitac's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円502 Mil. Kitac's Total Stockholders Equity for the quarter that ended in Apr. 2024 was 円3,178 Mil. Kitac's debt to equity for the quarter that ended in Apr. 2024 was 0.74.

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

TSE:4707' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.53   Med: 0.82   Max: 1.64
Current: 0.74

During the past 13 years, the highest Debt-to-Equity Ratio of Kitac was 1.64. The lowest was 0.53. And the median was 0.82.

TSE:4707's Debt-to-Equity is ranked worse than
67.23% of 1526 companies
in the Construction industry
Industry Median: 0.44 vs TSE:4707: 0.74

Kitac Debt-to-Equity Historical Data

The historical data trend for Kitac'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.

Kitac Debt-to-Equity Chart

Kitac Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.69 0.69 0.72 0.70

Kitac Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.61 0.70 0.80 0.74

Competitive Comparison of Kitac's Debt-to-Equity

For the Engineering & Construction subindustry, Kitac'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.


Kitac's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kitac's Debt-to-Equity distribution charts can be found below:

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



Kitac Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kitac's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Kitac's Debt to Equity Ratio for the quarter that ended in Apr. 2024 is calculated as

* 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.


Kitac  (TSE:4707) 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.


Kitac Debt-to-Equity Related Terms

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


Kitac (TSE:4707) Business Description

Traded in Other Exchanges
N/A
Address
10-2 Shinkocho, Chuo-ku, Niigata, JPN, 950-0965
Kitac Corp is engaged in offering business services. The services offered by the company include geological survey analysis and evaluation, environmental survey and analysis, civil engineering, construction management, and structure maintenance, and regional planning.

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