Kansai Paint Co (Kansai Paint Co) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Kansai Paint Co Debt-to-Equity?

Kansai Paint Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $602 Mil. Kansai Paint Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Kansai Paint Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,281 Mil. Kansai Paint Co's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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

KPTCY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.41 Max: 0.48
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Kansai Paint Co was 0.48. The lowest was 0.09. And the median was 0.41.

KPTCY's Debt-to-Equity is ranked worse than
54.08% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs KPTCY: 0.40

Kansai Paint Co Debt-to-Equity Historical Data

The historical data trend for Kansai Paint 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.

Kansai Paint Co Debt-to-Equity Chart

Kansai Paint Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.36

0.43

0.23

0.43

0.40

Kansai Paint Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.43	0.28	0.26	0.26	0.40

Competitive Comparison of Kansai Paint Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Kansai Paint 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.

Kansai Paint Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kansai Paint Co's Debt-to-Equity distribution charts can be found below:

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

Kansai Paint Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kansai Paint 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
	=	(76.372	+	741.684)	/	2068.869
	=	0.40

Kansai Paint 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
	=	(602.279	+	0)	/	2281.064
	=	0.26

Kansai Paint Co (OTCPK:KPTCY) 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.

Kansai Paint Co Debt-to-Equity Related Terms

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Kansai Paint Co (Kansai Paint Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kansai Paint Co Ltd (OTCPK:KPTCY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KSANF:USA 4613:Japan KAP:Germany

Address

6-14, Imabashi 2-chome, Chuo-ku, Osaka, JPN, 541-8523

Website

http://www.kansai.co.jp

Kansai Paint Co Ltd manufactures and sells a variety of coatings and paint products. The company sells five primary types of products: automotive coatings; automotive refinish coatings; decorative coatings; protection coatings; and industrial coatings. The firm's automotive coatings include clear coat paints, top coat paints, and primers. The industrial coatings include paint and coatings for bridges, roads, storage tanks, power plants, and manufacturing facilities. Kansai Paint sells its products primarily to the automotive, marine, and construction industries.

Kansai Paint Co (Kansai Paint Co) Headlines

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