Kawai Musical Instruments Manufacturing Co (TSE:7952) Debt-to-Equity : 0.18 (As of Sep. 2024)

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What is Kawai Musical Instruments Manufacturing Co Debt-to-Equity?

Kawai Musical Instruments Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円5,107 Mil. Kawai Musical Instruments Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円2,578 Mil. Kawai Musical Instruments Manufacturing Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円43,835 Mil. Kawai Musical Instruments Manufacturing Co's debt to equity for the quarter that ended in Sep. 2024 was 0.18.

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 Kawai Musical Instruments Manufacturing Co's Debt-to-Equity or its related term are showing as below:

TSE:7952' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.3 Max: 0.5
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Kawai Musical Instruments Manufacturing Co was 0.50. The lowest was 0.18. And the median was 0.30.

TSE:7952's Debt-to-Equity is ranked better than
73.15% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.44 vs TSE:7952: 0.18

Kawai Musical Instruments Manufacturing Co Debt-to-Equity Historical Data

The historical data trend for Kawai Musical Instruments 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.

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Kawai Musical Instruments Manufacturing Co Debt-to-Equity Chart

Kawai Musical Instruments Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.23

0.41

0.31

0.23

0.19

Kawai Musical Instruments Manufacturing Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.21	0.20	0.19	0.18

Competitive Comparison of Kawai Musical Instruments Manufacturing Co's Debt-to-Equity

For the Leisure subindustry, Kawai Musical Instruments 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.

Kawai Musical Instruments Manufacturing Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Debt-to-Equity falls into.

Kawai Musical Instruments Manufacturing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kawai Musical Instruments Manufacturing Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5197	+	2921)	/	42924
	=	0.19

Kawai Musical Instruments Manufacturing Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5107	+	2578)	/	43835
	=	0.18

Kawai Musical Instruments Manufacturing Co (TSE:7952) 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.

Kawai Musical Instruments Manufacturing Co Debt-to-Equity Related Terms

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Kawai Musical Instruments Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kawai Musical Instruments Manufacturing Co Ltd (TSE:7952) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

200 Terajima-cho Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8665

Website

http://www.kawai.co.jp

Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has global sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.

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