Daikin Industries (TSE:6367) Equity-to-Asset

: 0.53 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Daikin Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,478,273 Mil. Daikin Industries's Total Assets for the quarter that ended in Dec. 2023 was 円4,681,851 Mil. Therefore, Daikin Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.

The historical rank and industry rank for Daikin Industries's Equity-to-Asset or its related term are showing as below:

TSE:6367' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.51 Max: 0.54
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of Daikin Industries was 0.54. The lowest was 0.40. And the median was 0.51.

TSE:6367's Equity-to-Asset is ranked better than
64.38% of 1676 companies
in the Construction industry
Industry Median: 0.44 vs TSE:6367: 0.53

Daikin Industries Equity-to-Asset Historical Data

The historical data trend for Daikin Industries's Equity-to-Asset 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.

Daikin Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Equity-to-Asset

0.53

0.54

0.52

Daikin Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.52	0.52	0.51	0.53	0.53

Competitive Comparison

For the Building Products & Equipment subindustry, Daikin Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Daikin Industries Equity-to-Asset Distribution

For the Construction industry and Industrials sector, Daikin Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Daikin Industries's Equity-to-Asset falls into.

Daikin Industries Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Daikin Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2238146	/	4303682
	=	0.52

Daikin Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	2478273	/	4681851
	=	0.53

Daikin Industries (TSE:6367) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Daikin Industries Equity-to-Asset Related Terms

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Daikin Industries (TSE:6367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daikin Industries Ltd (TSE:6367) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

DKILY:USA DKILF:USA DKIA:Germany DKI:Germany DKI:Germany DKI:Austria

Address

Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, JPN, 530-8323

Website

http://www.daikin.com

Daikin Industries is one of the world's largest heating, ventilating and air conditioning, or HVAC, companies. North America, Japan, China, and Europe are Daikin's four biggest markets, accounting for 24.1%, 23.7%, 16.7%, and 14.5% of fiscal 2018 revenue, respectively. Air conditioning accounted for around 90% of revenue and operating profit, while chemicals and others made up the balance.

Daikin Industries (TSE:6367) Headlines

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