Chuo Spring Co (TSE:5992) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Chuo Spring Co Debt-to-Equity?

Chuo Spring Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円840 Mil. Chuo Spring Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円14,231 Mil. Chuo Spring Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円71,258 Mil. Chuo Spring Co's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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

TSE:5992' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.21
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Chuo Spring Co was 0.21. The lowest was 0.07. And the median was 0.14.

TSE:5992's Debt-to-Equity is ranked better than
72.02% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:5992: 0.21

Chuo Spring Co Debt-to-Equity Historical Data

The historical data trend for Chuo Spring 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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Chuo Spring Co Debt-to-Equity Chart

Chuo Spring Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.08

0.07

0.11

0.10

0.18

Chuo Spring Co 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															0.19	0.18	0.17	0.21	0.21

Competitive Comparison of Chuo Spring Co's Debt-to-Equity

For the Auto Parts subindustry, Chuo Spring 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.

Chuo Spring Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chuo Spring Co's Debt-to-Equity distribution charts can be found below:

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

Chuo Spring Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chuo Spring Co'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
	=	(5358.272	+	6203.064)	/	64236.881
	=	0.18

Chuo Spring Co'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
	=	(840.183	+	14231.244)	/	71258.021
	=	0.21

Chuo Spring Co (TSE:5992) 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.

Chuo Spring Co Debt-to-Equity Related Terms

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Chuo Spring Co (TSE:5992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chuo Spring Co Ltd (TSE:5992) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Kamishiota, Narumi-cho, Midori-ku, Nagoya, JPN, 458-8505

Website

http://www.chkk.co.jp

Chuo Spring Co Ltd engages in the manufacture and sale of springs, control cables, and automobile supplies. It provides chassis springs, precise springs, cables, gold-plating processing and automobile supplies, as well as design and development services for automobile supplies and reels. Its products include various springs for automobiles, industrial machines, precision machines and aircraft; automotive control cables; and control cable application to buildings, agricultural machines, ships, and housings.

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