Kurotani (TSE:3168) Debt-to-Equity : 1.15 (As of Feb. 2024)

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What is Kurotani Debt-to-Equity?

Kurotani's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円8,699 Mil. Kurotani's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円1,721 Mil. Kurotani's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円9,042 Mil. Kurotani's debt to equity for the quarter that ended in Feb. 2024 was 1.15.

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

TSE:3168' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.05 Max: 1.68
Current: 1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Kurotani was 1.68. The lowest was 0.76. And the median was 1.05.

TSE:3168's Debt-to-Equity is ranked worse than
89.01% of 1301 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSE:3168: 1.15

Kurotani Debt-to-Equity Historical Data

The historical data trend for Kurotani'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.

Kurotani Debt-to-Equity Chart

Kurotani Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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1.16

0.98

1.32

1.48

1.39

Kurotani Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.50	1.43	1.39	1.40	1.15

Competitive Comparison of Kurotani's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Kurotani'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.

Kurotani's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Kurotani's Debt-to-Equity distribution charts can be found below:

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

Kurotani Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kurotani's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(10608.18	+	2070.636)	/	9096.935
	=	1.39

Kurotani's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(8698.914	+	1720.922)	/	9042.073
	=	1.15

Kurotani (TSE:3168) 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.

Kurotani Debt-to-Equity Related Terms

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Kurotani (TSE:3168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kurotani Corp (TSE:3168) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-2 Nagonoe, Imizu, Toyama, JPN, 934-0031

Website

http://www.kurotani.co.jp

Kurotani Corp is engaged in collecting, processing, manufacturing, and selling various metals in Japan. It recycles industrial materials and metal scraps, as well as produces base metals that are used as raw materials to manufacture electrical wires and semiconductor base plates. The company also manufactures and sells copper alloy ingots, which are used in marine propellers, plumbing hardware, valves, and industrial machinery parts; and produces and sells works of fine arts, miniature gold statues, and bronze Buddha statues.

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