Riken Technos (TSE:4220) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Riken Technos Debt-to-Equity?

Riken Technos's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,645 Mil. Riken Technos's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,085 Mil. Riken Technos's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円62,272 Mil. Riken Technos's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

TSE:4220' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.27 Max: 0.41
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Riken Technos was 0.41. The lowest was 0.16. And the median was 0.27.

TSE:4220's Debt-to-Equity is ranked better than
68.97% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4220: 0.17

Riken Technos Debt-to-Equity Historical Data

The historical data trend for Riken Technos'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.

Riken Technos Debt-to-Equity Chart

Riken Technos Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.28

0.23

0.19

0.17

Riken Technos 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															0.19	0.17	0.17	0.16	0.17

Competitive Comparison of Riken Technos's Debt-to-Equity

For the Chemicals subindustry, Riken Technos'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.

Riken Technos's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Riken Technos Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Riken Technos'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
	=	(8287.18	+	2290.709)	/	63196.016
	=	0.17

Riken Technos'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
	=	(8644.563	+	2084.961)	/	62271.897
	=	0.17

Riken Technos (TSE:4220) 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.

Riken Technos Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Riken Technos's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Riken Technos (TSE:4220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Riken Technos Corp (TSE:4220) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-101, Kanda-Awajicho, Waterras Tower, Chiyoda-ku, Tokyo, JPN, 101-8336

Website

http://www.rikentechnos.co.jp

Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.

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