Hokkan Holdings (TSE:5902) Debt-to-Equity : 0.69 (As of Dec. 2023)

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What is Hokkan Holdings Debt-to-Equity?

Hokkan Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円14,781 Mil. Hokkan Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円23,414 Mil. Hokkan Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円55,357 Mil. Hokkan Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.69.

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

TSE:5902' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.01 Max: 1.22
Current: 0.69

During the past 13 years, the highest Debt-to-Equity Ratio of Hokkan Holdings was 1.22. The lowest was 0.69. And the median was 1.01.

TSE:5902's Debt-to-Equity is ranked worse than
65.89% of 343 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs TSE:5902: 0.69

Hokkan Holdings Debt-to-Equity Historical Data

The historical data trend for Hokkan Holdings'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.

Hokkan Holdings Debt-to-Equity Chart

Hokkan Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.07

1.09

1.15

1.05

0.85

Hokkan Holdings 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															0.98	0.85	0.80	0.72	0.69

Competitive Comparison of Hokkan Holdings's Debt-to-Equity

For the Packaging & Containers subindustry, Hokkan Holdings'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.

Hokkan Holdings's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hokkan Holdings's Debt-to-Equity distribution charts can be found below:

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

Hokkan Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hokkan Holdings'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
	=	(14299	+	28725)	/	50585
	=	0.85

Hokkan Holdings'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
	=	(14781	+	23414)	/	55357
	=	0.69

Hokkan Holdings (TSE:5902) 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.

Hokkan Holdings Debt-to-Equity Related Terms

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Hokkan Holdings (TSE:5902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hokkan Holdings Ltd (TSE:5902) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-2 Marunouchi, Marunouchi Mitsui Building, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.hokkanholdings.co.jp

Hokkan Holdings Ltd is engaged in the packaging and container business. The company's division includes the Container business, Filling business, and Machinery production business, and Others. Container business includes containers for food and beverages. The filling business consists of containers for various drinks consignment filling, and the machinery production business involves the manufacturing of industrial equipment.

Hokkan Holdings (TSE:5902) Headlines

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