Kyowa Electronic Instruments Co (TSE:6853) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Kyowa Electronic Instruments Co Debt-to-Equity?

Kyowa Electronic Instruments Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,254 Mil. Kyowa Electronic Instruments Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11 Mil. Kyowa Electronic Instruments Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円17,596 Mil. Kyowa Electronic Instruments Co's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Kyowa Electronic Instruments Co's Debt-to-Equity or its related term are showing as below:

TSE:6853' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.25
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Kyowa Electronic Instruments Co was 0.25. The lowest was 0.07. And the median was 0.14.

TSE:6853's Debt-to-Equity is ranked better than
79.09% of 2195 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6853: 0.07

Kyowa Electronic Instruments Co Debt-to-Equity Historical Data

The historical data trend for Kyowa Electronic Instruments 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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Kyowa Electronic Instruments Co Debt-to-Equity Chart

Kyowa Electronic Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.13

0.12

0.10

0.07

Kyowa Electronic Instruments 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															0.10	0.10	0.10	0.09	0.07

Competitive Comparison of Kyowa Electronic Instruments Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Kyowa Electronic Instruments 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.

Kyowa Electronic Instruments Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kyowa Electronic Instruments Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kyowa Electronic Instruments Co's Debt-to-Equity falls into.

Kyowa Electronic Instruments Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyowa Electronic Instruments Co's Debt to Equity Ratio for the fiscal year 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
	=	(1253.676	+	11.108)	/	17595.783
	=	0.07

Kyowa Electronic Instruments 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
	=	(1253.676	+	11.108)	/	17595.783
	=	0.07

Kyowa Electronic Instruments Co (TSE:6853) 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.

Kyowa Electronic Instruments Co Debt-to-Equity Related Terms

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

Kyowa Electronic Instruments Co (TSE:6853) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kyowa Electronic Instruments Co Ltd (TSE:6853) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-5-1, Chofugaoka, Chofu, Tokyo, JPN, 182-8520

Website

http://www.kyowa-ei.co.jp

Kyowa Electronic Instruments Co Ltd is engaged in the manufacturing and distribution of stress measurement devices in experimental research fields of government offices, corporations, and universities. It is also involved in the manufacturing and distribution of various measurement devices for civil engineering and construction. In addition to product and system development, design and fabrication, the company also offers a comprehensive services from proposals for measurement technology tailored to specific issues to technical support and maintenance. It mainly serves the government and municipal offices, national, public, and private universities, construction industry, textile/ chemical industry, petroleum industry, and rubber industry.

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