Otani Kogyo Co (TSE:5939) Debt-to-Equity : 0.13 (As of Sep. 2024)

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What is Otani Kogyo Co Debt-to-Equity?

Otani Kogyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円99 Mil. Otani Kogyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円405 Mil. Otani Kogyo Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円3,908 Mil. Otani Kogyo Co's debt to equity for the quarter that ended in Sep. 2024 was 0.13.

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

TSE:5939' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.41
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Otani Kogyo Co was 0.41. The lowest was 0.01. And the median was 0.03.

TSE:5939's Debt-to-Equity is ranked better than
69.04% of 2607 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:5939: 0.13

Otani Kogyo Co Debt-to-Equity Historical Data

The historical data trend for Otani Kogyo 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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Otani Kogyo Co Debt-to-Equity Chart

Otani Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.02

0.01

0.14

Otani Kogyo Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.15	0.14	0.13

Competitive Comparison of Otani Kogyo Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Otani Kogyo 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.

Otani Kogyo Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otani Kogyo Co's Debt-to-Equity distribution charts can be found below:

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

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Otani Kogyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Otani Kogyo Co's Debt to Equity Ratio for the fiscal year 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
	=	(98.627	+	427.142)	/	3726.797
	=	0.14

Otani Kogyo Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(99.328	+	404.891)	/	3908.289
	=	0.13

Otani Kogyo Co (TSE:5939) 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.

Otani Kogyo Co Debt-to-Equity Related Terms

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Otani Kogyo Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otani Kogyo Co Ltd (TSE:5939) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

Nishi Gotanda 7 - 22 - 17, TOC Building, 10th Floor, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.otanikogyo.com

Otani Kogyo Co Ltd is a Japan based company engaged in the manufacture and sales of overhead wire hardware for power distribution, communication lines, CATV, hardware for disaster prevention radio, rock screws, and others. It also constructs, manufactures and sells studs, and involved in hot-dip galvanizing process.

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