Tokai Carbon Co (TSE:5301) Debt-to-Equity : 0.49 (As of Mar. 2024)

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What is Tokai Carbon Co Debt-to-Equity?

Tokai Carbon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円64,222 Mil. Tokai Carbon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円105,762 Mil. Tokai Carbon Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円343,891 Mil. Tokai Carbon Co's debt to equity for the quarter that ended in Mar. 2024 was 0.49.

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

TSE:5301' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.34 Max: 0.82
Current: 0.49

During the past 13 years, the highest Debt-to-Equity Ratio of Tokai Carbon Co was 0.82. The lowest was 0.08. And the median was 0.34.

TSE:5301's Debt-to-Equity is ranked worse than
60.7% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:5301: 0.49

Tokai Carbon Co Debt-to-Equity Historical Data

The historical data trend for Tokai Carbon 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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Tokai Carbon Co Debt-to-Equity Chart

Tokai Carbon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.70

0.79

0.73

0.64

0.51

Tokai Carbon 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															0.62	0.55	0.53	0.51	0.49

Competitive Comparison of Tokai Carbon Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Tokai Carbon 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.

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

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

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

Tokai Carbon Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokai Carbon 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
	=	(70218	+	96424)	/	324488
	=	0.51

Tokai Carbon 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
	=	(64222	+	105762)	/	343891
	=	0.49

Tokai Carbon Co (TSE:5301) 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.

Tokai Carbon Co Debt-to-Equity Related Terms

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Tokai Carbon Co (TSE:5301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tokai Carbon Co Ltd (TSE:5301) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TKCBY:USA 7TC:Germany

Address

1-2-3 Kita Aoyama Building, Minato-ku, Tokyo, JPN, 107-8636

Website

http://www.tokaicarbon.co.jp

Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.

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