Arakawa Chemical Industries (TSE:4968) Debt-to-Equity : 0.76 (As of Dec. 2023)

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What is Arakawa Chemical Industries Debt-to-Equity?

Arakawa Chemical Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円22,072 Mil. Arakawa Chemical Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円19,965 Mil. Arakawa Chemical Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円55,189 Mil. Arakawa Chemical Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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 Arakawa Chemical Industries's Debt-to-Equity or its related term are showing as below:

TSE:4968' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.38 Max: 0.76
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Arakawa Chemical Industries was 0.76. The lowest was 0.20. And the median was 0.38.

TSE:4968's Debt-to-Equity is ranked worse than
75.64% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4968: 0.76

Arakawa Chemical Industries Debt-to-Equity Historical Data

The historical data trend for Arakawa Chemical Industries'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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Arakawa Chemical Industries Debt-to-Equity Chart

Arakawa Chemical Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.26

0.37

0.38

0.45

0.65

Arakawa Chemical Industries 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															0.68	0.65	0.68	0.74	0.76

Competitive Comparison of Arakawa Chemical Industries's Debt-to-Equity

For the Specialty Chemicals subindustry, Arakawa Chemical Industries'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.

Arakawa Chemical Industries's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Arakawa Chemical Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arakawa Chemical Industries'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
	=	(19864	+	15407)	/	54082
	=	0.65

Arakawa Chemical Industries'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
	=	(22072	+	19965)	/	55189
	=	0.76

Arakawa Chemical Industries (TSE:4968) 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.

Arakawa Chemical Industries Debt-to-Equity Related Terms

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Arakawa Chemical Industries (TSE:4968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arakawa Chemical Industries Ltd (TSE:4968) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, No. 1, Hirano-cho, Chuo-ku, Osaka, JPN, 541-0046

Website

http://www.arakawachem.co.jp

Arakawa Chemical Industries Ltd is engaged in the production and sales of paper chemicals, resins for printing inks, resins for adhesives/adhesives, and intermediates for electronic materials. It manufactures various paper chemicals including water-repellents, sizing agents, paper surface improving agents, and paper strengthening, and other types of papers. It also provides printing inks for offset printing; book (magazine)-gravures and food-package-gravures. It also offers electronic materials, including rosins for use as raw material of chemicals and electronic components.

Arakawa Chemical Industries (TSE:4968) Headlines

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