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Kankyou No Mikata (TSE:9224) Debt-to-Equity : 3.85 (As of Mar. 2024)


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What is Kankyou No Mikata Debt-to-Equity?

Kankyou No Mikata's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円1,227 Mil. Kankyou No Mikata's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,712 Mil. Kankyou No Mikata's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円1,024 Mil. Kankyou No Mikata's debt to equity for the quarter that ended in Mar. 2024 was 3.85.

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 Kankyou No Mikata's Debt-to-Equity or its related term are showing as below:

TSE:9224' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.76   Med: 3.48   Max: 3.85
Current: 3.85

During the past 4 years, the highest Debt-to-Equity Ratio of Kankyou No Mikata was 3.85. The lowest was 2.76. And the median was 3.48.

TSE:9224's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.74 vs TSE:9224: 3.85

Kankyou No Mikata Debt-to-Equity Historical Data

The historical data trend for Kankyou No Mikata'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.

Kankyou No Mikata Debt-to-Equity Chart

Kankyou No Mikata Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
3.06 3.15 3.48 3.52

Kankyou No Mikata Semi-Annual Data
Sep20 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Debt-to-Equity Get a 7-Day Free Trial 2.76 3.48 3.65 3.52 3.85

Competitive Comparison of Kankyou No Mikata's Debt-to-Equity

For the Waste Management subindustry, Kankyou No Mikata'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.

Kankyou No Mikata's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Kankyou No Mikata's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kankyou No Mikata's Debt-to-Equity falls into.


Kankyou No Mikata Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kankyou No Mikata's Debt to Equity Ratio for the fiscal year 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
=(1089.13 + 2297.886) / 961.308
=3.52

Kankyou No Mikata's Debt to Equity Ratio for the quarter 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
=(1227.182 + 2712.436) / 1023.758
=3.85

* 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.

Kankyou No Mikata  (TSE:9224) 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.

Kankyou No Mikata Debt-to-Equity Related Terms

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Kankyou No Mikata (TSE:9224) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Kankyou No Mikata Inc (TSE:9224) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
1019 Kamishinden, Shizuoka Prefecture, Yaizu, JPN, 421-0206
Website
https://www.kankyounomikata.co.jp
Kankyou No Mikata Inc is a is a general waste collection and transportation business. The company collect garbage in Yaizu City, Fujieda City, Shimada City, Yoshida Town, Makinohara City, Omaezaki City, and Kawanehon Town in Shizuoka Prefecture. It operations includes regular collection of business waste to collection of oversized waste and waste generated by moving and cleaning up.

Kankyou No Mikata (TSE:9224) Headlines

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