OKANO VALVE MFG Co (TSE:6492) Debt-to-Equity : 0.11 (As of Feb. 2024)

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What is OKANO VALVE MFG Co Debt-to-Equity?

OKANO VALVE MFG Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円312 Mil. OKANO VALVE MFG Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円757 Mil. OKANO VALVE MFG Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円10,223 Mil. OKANO VALVE MFG Co's debt to equity for the quarter that ended in Feb. 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 OKANO VALVE MFG Co's Debt-to-Equity or its related term are showing as below:

TSE:6492' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.23 Max: 0.29
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of OKANO VALVE MFG Co was 0.29. The lowest was 0.00. And the median was 0.23.

TSE:6492's Debt-to-Equity is ranked better than
72.96% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6492: 0.11

OKANO VALVE MFG Co Debt-to-Equity Historical Data

The historical data trend for OKANO VALVE 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.

* Premium members only.

OKANO VALVE MFG Co Debt-to-Equity Chart

OKANO VALVE MFG Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.29

0.24

0.20

0.15

0.12

OKANO VALVE MFG Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.14	0.13	0.12	0.11

Competitive Comparison of OKANO VALVE MFG Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, OKANO VALVE 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.

OKANO VALVE MFG Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

OKANO VALVE MFG Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OKANO VALVE MFG Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(312	+	835)	/	10010
	=	0.11

OKANO VALVE MFG Co's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(312	+	757)	/	10223
	=	0.10

OKANO VALVE MFG Co (TSE:6492) 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.

OKANO VALVE MFG Co Debt-to-Equity Related Terms

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OKANO VALVE MFG Co (TSE:6492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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