KITA KOUDENSHA (SSE:1734) Debt-to-Equity : -3.41 (As of Dec. 2023)

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What is KITA KOUDENSHA Debt-to-Equity?

KITA KOUDENSHA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,286 Mil. KITA KOUDENSHA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. KITA KOUDENSHA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円-1,845 Mil. KITA KOUDENSHA's debt to equity for the quarter that ended in Dec. 2023 was -3.41.

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 KITA KOUDENSHA's Debt-to-Equity or its related term are showing as below:

SSE:1734' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.82 Med: 0.01 Max: 78.68
Current: -3.41

During the past 11 years, the highest Debt-to-Equity Ratio of KITA KOUDENSHA was 78.68. The lowest was -3.82. And the median was 0.01.

SSE:1734's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs SSE:1734: -3.41

KITA KOUDENSHA Debt-to-Equity Historical Data

The historical data trend for KITA KOUDENSHA'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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KITA KOUDENSHA Debt-to-Equity Chart

KITA KOUDENSHA Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.03

18.06

-1.96

KITA KOUDENSHA 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															-3.75	-1.96	-1.39	-2.00	-3.41

Competitive Comparison of KITA KOUDENSHA's Debt-to-Equity

For the Engineering & Construction subindustry, KITA KOUDENSHA'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.

KITA KOUDENSHA's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, KITA KOUDENSHA's Debt-to-Equity distribution charts can be found below:

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

KITA KOUDENSHA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

KITA KOUDENSHA'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
	=	(5123.381	+	35.091)	/	-2638.815
	=	-1.95

KITA KOUDENSHA'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
	=	(6286	+	0)	/	-1844.744
	=	-3.41

KITA KOUDENSHA (SSE:1734) 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.

KITA KOUDENSHA Debt-to-Equity Related Terms

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KITA KOUDENSHA (SSE:1734) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » KITA KOUDENSHA Corp (SSE:1734) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-2-10 Nishi Kita-Juichijo, Chuo-ku Sapporo, Hokkaido, JPN, 060-0011

Website

http://www.kitakoudensha.co.jp

KITA KOUDENSHA Corp is engaged in the indoor wiring and power-related construction operations. The company undertakes projects for the construction of transmission lines, underground transmission lines, communication lines. It has an indoor wiring construction project, power related construction project and industrial equipment business which include sales of power facility equipment, low voltage generator cars, electric wires, and piping materials, information communication systems.

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