Oriental Chain Mfg Co (TSE:6380) Debt-to-Equity : 0.85 (As of Dec. 2023)

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What is Oriental Chain Mfg Co Debt-to-Equity?

Oriental Chain Mfg Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円493 Mil. Oriental Chain Mfg Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円919 Mil. Oriental Chain Mfg Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,659 Mil. Oriental Chain Mfg Co's debt to equity for the quarter that ended in Dec. 2023 was 0.85.

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

TSE:6380' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.59 Med: 0.91 Max: 1.94
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Oriental Chain Mfg Co was 1.94. The lowest was 0.59. And the median was 0.91.

TSE:6380's Debt-to-Equity is ranked worse than
83.07% of 2628 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6380: 0.85

Oriental Chain Mfg Co Debt-to-Equity Historical Data

The historical data trend for Oriental Chain Mfg 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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Oriental Chain Mfg Co Debt-to-Equity Chart

Oriental Chain Mfg Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.72

0.85

0.87

0.94

0.90

Oriental Chain Mfg 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															0.95	0.90	0.88	0.81	0.85

Competitive Comparison of Oriental Chain Mfg Co's Debt-to-Equity

For the Tools & Accessories subindustry, Oriental Chain Mfg 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.

Oriental Chain Mfg Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Oriental Chain Mfg Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oriental Chain Mfg 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
	=	(532.102	+	866.1)	/	1552.144
	=	0.90

Oriental Chain Mfg 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
	=	(492.544	+	918.719)	/	1659.276
	=	0.85

Oriental Chain Mfg Co (TSE:6380) 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.

Oriental Chain Mfg Co Debt-to-Equity Related Terms

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Oriental Chain Mfg Co (TSE:6380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oriental Chain Mfg Co Ltd (TSE:6380) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Hakusan Miyanagashi-Cho 485, Ishikawa Prefecture, Ishikawa, JPN, 924-0016

Website

http://www.ocm.co.jp

Oriental Chain Mfg Co Ltd is engaged in manufacturing and selling roller chains, conveyor chains, and sprockets for use in various equipment in Japan and internationally. The company's products include stainless and nickel plated, extra heavy duty, and top roller chains, as well as roller chains with outboard rollers; plastic and hollow pin among others.

Oriental Chain Mfg Co (TSE:6380) Headlines

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