Kyokuto Securities Co (TSE:8706) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Kyokuto Securities Co Debt-to-Equity?

Kyokuto Securities Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Kyokuto Securities Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,580 Mil. Kyokuto Securities Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円50,544 Mil. Kyokuto Securities Co's debt to equity for the quarter that ended in Dec. 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 Kyokuto Securities Co's Debt-to-Equity or its related term are showing as below:

TSE:8706' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.25 Max: 1.07
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Kyokuto Securities Co was 1.07. The lowest was 0.20. And the median was 0.25.

TSE:8706's Debt-to-Equity is ranked better than
60.23% of 611 companies
in the Capital Markets industry
Industry Median: 0.37 vs TSE:8706: 0.21

Kyokuto Securities Co Debt-to-Equity Historical Data

The historical data trend for Kyokuto Securities 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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Kyokuto Securities Co Debt-to-Equity Chart

Kyokuto Securities Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.23

0.24

0.25

0.23

0.25

Kyokuto Securities 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															0.20	0.25	0.22	0.23	0.21

Competitive Comparison of Kyokuto Securities Co's Debt-to-Equity

For the Capital Markets subindustry, Kyokuto Securities 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.

Kyokuto Securities Co's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Kyokuto Securities Co's Debt-to-Equity distribution charts can be found below:

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

Kyokuto Securities Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyokuto Securities 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
	=	(0	+	11600)	/	47289
	=	0.25

Kyokuto Securities 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
	=	(0	+	10580)	/	50544
	=	0.21

Kyokuto Securities Co (TSE:8706) 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.

Kyokuto Securities Co Debt-to-Equity Related Terms

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Kyokuto Securities Co (TSE:8706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Kyokuto Securities Co Ltd (TSE:8706) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayabacho 1-4-7 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-0025

Website

http://www.kyokuto-sec.co.jp

Kyokuto Securities Co Ltd is a financial services company whose activities include dealing, brokerage, underwriting, and distribution of securities. It operates its investment and financial service business in four segments Financial Products Trading Business, Real Estate Business, Investment Business and Research and Study Business. The company earns the majority of its revenue from mainly from securities business including, among other things, agency or principal trading in securities, underwriting, offering and selling of securities and provision of other securities-related services, through which the company offers a range of financial and other related services.

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