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Kyosan Electric Manufacturing Co (TSE:6742) Debt-to-Equity : 0.90 (As of Dec. 2023)


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What is Kyosan Electric Manufacturing Co Debt-to-Equity?

Kyosan Electric Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円32,653 Mil. Kyosan Electric Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,000 Mil. Kyosan Electric Manufacturing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円45,295 Mil. Kyosan Electric Manufacturing Co's debt to equity for the quarter that ended in Dec. 2023 was 0.90.

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

TSE:6742' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31   Med: 0.58   Max: 1.01
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of Kyosan Electric Manufacturing Co was 1.01. The lowest was 0.31. And the median was 0.58.

TSE:6742's Debt-to-Equity is ranked worse than
83.95% of 2199 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6742: 0.90

Kyosan Electric Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Kyosan Electric Manufacturing 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.

Kyosan Electric Manufacturing Co Debt-to-Equity Chart

Kyosan Electric Manufacturing Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.68 1.01 0.56 0.59

Kyosan Electric Manufacturing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.59 0.56 0.72 0.90

Competitive Comparison of Kyosan Electric Manufacturing Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Kyosan Electric Manufacturing 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.


Kyosan Electric Manufacturing Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kyosan Electric Manufacturing Co's Debt-to-Equity distribution charts can be found below:

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



Kyosan Electric Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyosan Electric Manufacturing Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Kyosan Electric Manufacturing Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Kyosan Electric Manufacturing Co  (TSE:6742) 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.


Kyosan Electric Manufacturing Co Debt-to-Equity Related Terms

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


Kyosan Electric Manufacturing Co (TSE:6742) Business Description

Traded in Other Exchanges
N/A
Address
29-1, 2-chome, Heian-cho, Tsurumi-ku, Yokohama, JPN, 230-0031
Kyosan Electric Manufacturing Co., Ltd. is a manufacturer of signal systems. The company's products include railway signaling solutions, traffic management solutions. information systems, safeguards for passenger transfer area, and others.

Kyosan Electric Manufacturing Co (TSE:6742) Headlines

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