Kitz (TSE:6498) Debt-to-Equity : 0.33 (As of Jun. 2024)

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What is Kitz Debt-to-Equity?

Kitz's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was 円12,043 Mil. Kitz's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was 円23,348 Mil. Kitz's Total Stockholders Equity for the quarter that ended in Jun. 2024 was 円108,612 Mil. Kitz's debt to equity for the quarter that ended in Jun. 2024 was 0.33.

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

TSE:6498' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.41 Max: 0.66
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Kitz was 0.66. The lowest was 0.27. And the median was 0.41.

TSE:6498's Debt-to-Equity is ranked worse than
53.5% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6498: 0.33

Kitz Debt-to-Equity Historical Data

The historical data trend for Kitz'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.

Kitz Debt-to-Equity Chart

Kitz Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Debt-to-Equity

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0.45

0.44

0.50

0.48

0.41

Kitz Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.37	0.36	0.39	0.33	N/A

Competitive Comparison of Kitz's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Kitz'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.

Kitz's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Kitz Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kitz's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(3153	+	33766)	/	89960
	=	0.41

Kitz's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(12043	+	23348)	/	108612
	=	0.33

Kitz (TSE:6498) 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.

Kitz Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kitz's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Kitz Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kitz Corp (TSE:6498) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577

Website

http://www.kitz.co.jp

Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

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