Kanamoto Co (TSE:9678) Debt-to-Equity : 0.43 (As of Apr. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Kanamoto Co Debt-to-Equity?

Kanamoto Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円18,151 Mil. Kanamoto Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2024 was 円40,506 Mil. Kanamoto Co's Total Stockholders Equity for the quarter that ended in Apr. 2024 was 円135,700 Mil. Kanamoto Co's debt to equity for the quarter that ended in Apr. 2024 was 0.43.

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

TSE:9678' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.44 Max: 0.63
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Kanamoto Co was 0.63. The lowest was 0.28. And the median was 0.44.

TSE:9678's Debt-to-Equity is ranked worse than
52.79% of 913 companies
in the Business Services industry
Industry Median: 0.37 vs TSE:9678: 0.43

Kanamoto Co Debt-to-Equity Historical Data

The historical data trend for Kanamoto 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.

Kanamoto Co Debt-to-Equity Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

Get a 7-Day Free Trial

0.28

0.41

0.39

0.41

0.42

Kanamoto Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.42	0.49	0.43	N/A

Competitive Comparison of Kanamoto Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, Kanamoto 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.

Kanamoto Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kanamoto Co's Debt-to-Equity distribution charts can be found below:

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

Kanamoto Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kanamoto Co's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(17145	+	39422)	/	134493
	=	0.42

Kanamoto Co's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(18151	+	40506)	/	135700
	=	0.43

Kanamoto Co (TSE:9678) 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.

Kanamoto Co Debt-to-Equity Related Terms

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

Kanamoto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

Kanamoto Co Headlines

No Headlines