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Wakou Shokuhin Co (TSE:2813) Debt-to-Equity : 0.54 (As of Dec. 2023)


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What is Wakou Shokuhin Co Debt-to-Equity?

Wakou Shokuhin Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,193 Mil. Wakou Shokuhin Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,452 Mil. Wakou Shokuhin Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円6,779 Mil. Wakou Shokuhin Co's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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

TSE:2813' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.46   Max: 0.9
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Wakou Shokuhin Co was 0.90. The lowest was 0.14. And the median was 0.46.

TSE:2813's Debt-to-Equity is ranked worse than
58.04% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TSE:2813: 0.54

Wakou Shokuhin Co Debt-to-Equity Historical Data

The historical data trend for Wakou Shokuhin 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.

Wakou Shokuhin Co Debt-to-Equity Chart

Wakou Shokuhin Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.83 0.86 0.69 0.40

Wakou Shokuhin Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.40 0.58 0.54 0.54

Competitive Comparison of Wakou Shokuhin Co's Debt-to-Equity

For the Packaged Foods subindustry, Wakou Shokuhin 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.


Wakou Shokuhin Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wakou Shokuhin Co's Debt-to-Equity distribution charts can be found below:

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



Wakou Shokuhin Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wakou Shokuhin Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Wakou Shokuhin Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Wakou Shokuhin Co  (TSE:2813) 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.


Wakou Shokuhin Co Debt-to-Equity Related Terms

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Wakou Shokuhin Co (TSE:2813) Business Description

Traded in Other Exchanges
N/A
Address
Hokkaido Otaru City 3-2 Chuetsu 3, Hokkaido, JPN
Wakou Shokuhin Co Ltd is engaged in manufacture and sales of various soup and natural extracts. The category of food products includes soy sauce ramen soup, tonkotsu ramen soup, tsukemen soup, and noodle soup.

Wakou Shokuhin Co (TSE:2813) Headlines

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