Hokkaido Shikangyo Co (TSE:7693) Debt-to-Equity : 0.21 (As of Sep. 2023)

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What is Hokkaido Shikangyo Co Debt-to-Equity?

Hokkaido Shikangyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円72 Mil. Hokkaido Shikangyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was 円61 Mil. Hokkaido Shikangyo Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was 円634 Mil. Hokkaido Shikangyo Co's debt to equity for the quarter that ended in Sep. 2023 was 0.21.

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 Hokkaido Shikangyo Co's Debt-to-Equity or its related term are showing as below:

TSE:7693' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.26 Max: 0.37
Current: 0.21

During the past 5 years, the highest Debt-to-Equity Ratio of Hokkaido Shikangyo Co was 0.37. The lowest was 0.09. And the median was 0.26.

TSE:7693's Debt-to-Equity is not ranked
in the Medical Distribution industry.
Industry Median: 0.3 vs TSE:7693: 0.21

Hokkaido Shikangyo Co Debt-to-Equity Historical Data

The historical data trend for Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co Debt-to-Equity Chart

Hokkaido Shikangyo Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.09

0.37

0.32

0.27

0.23

Hokkaido Shikangyo Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial				0.31	0.27	0.26	0.23	0.21

Competitive Comparison of Hokkaido Shikangyo Co's Debt-to-Equity

For the Medical Distribution subindustry, Hokkaido Shikangyo 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.

Hokkaido Shikangyo Co's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Hokkaido Shikangyo Co's Debt-to-Equity distribution charts can be found below:

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

Hokkaido Shikangyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hokkaido Shikangyo 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
	=	(72.679	+	71.784)	/	624.875
	=	0.23

Hokkaido Shikangyo Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(72.388	+	60.736)	/	634.125
	=	0.21

Hokkaido Shikangyo Co (TSE:7693) 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.

Hokkaido Shikangyo Co Debt-to-Equity Related Terms

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Hokkaido Shikangyo Co (TSE:7693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokkaido Shika Sangyo Co Ltd (TSE:7693) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kikusuikami-cho, 2 of Article 4-chome 36-7, Yubinbango, Sapporo Shiroishi-ku, Hokkaido, JPN, 003-0812

Website

https://www.hokusan-kk.co.jp

Hokkaido Shika Sangyo Co Ltd is engaged in sales of dental instruments and dental materials. The company's activities include sale of medical equipment and pharmaceuticals, veterinary medical equipment and veterinary drugs, poisonous substances and deleterious substances, medical oxygen and nitrous oxide, rental of medical equipment highly managed medical equipment, sale and rental of used medical equipment, inspection, maintenance and repair of medical equipment.

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