Okabe Co (TSE:5959) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Okabe Co Debt-to-Equity?

Okabe Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円569 Mil. Okabe Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円5,770 Mil. Okabe Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円61,748 Mil. Okabe Co's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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

TSE:5959' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.2 Max: 0.27
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Okabe Co was 0.27. The lowest was 0.11. And the median was 0.20.

TSE:5959's Debt-to-Equity is ranked better than
78.68% of 1515 companies
in the Construction industry
Industry Median: 0.44 vs TSE:5959: 0.11

Okabe Co Debt-to-Equity Historical Data

The historical data trend for Okabe 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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Okabe Co Debt-to-Equity Chart

Okabe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.21

0.17

0.18

0.11

Okabe 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															0.17	0.16	0.14	0.11	0.10

Competitive Comparison of Okabe Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Okabe 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.

Okabe Co's Debt-to-Equity Distribution in the Construction Industry

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

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

Okabe Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okabe 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
	=	(1035	+	5883)	/	62040
	=	0.11

Okabe 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
	=	(569	+	5770)	/	61748
	=	0.10

Okabe Co (TSE:5959) 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.

Okabe Co Debt-to-Equity Related Terms

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Okabe Co (TSE:5959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Okabe Co Ltd (TSE:5959) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-8-2, Oshiage, Sumida-ku, Tokyo, JPN

Website

http://www.okabe.co.jp

Okabe Co Ltd is a construction and engineering products manufacturer. The company operates its business through its subsidiaries in three segments Construction-related products, Automotive products, and Other businesses. It develops, manufactures and markets temporary building and formwork products. The company designs and sells automotive bolts and screw nuts in the U.S. The company's marine business involves the development, manufacture, and sale of marine materials.

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