CKD (TSE:6407) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is CKD Debt-to-Equity?

CKD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,903 Mil. CKD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円29,379 Mil. CKD's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円123,159 Mil. CKD's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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

TSE:6407' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.36
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of CKD was 0.36. The lowest was 0.05. And the median was 0.15.

TSE:6407's Debt-to-Equity is ranked worse than
50.69% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6407: 0.30

CKD Debt-to-Equity Historical Data

The historical data trend for CKD'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.

CKD Debt-to-Equity Chart

CKD Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.36

0.29

0.21

0.16

CKD 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															0.14	0.16	0.32	0.30	0.30

Competitive Comparison of CKD's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, CKD'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.

CKD's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CKD's Debt-to-Equity distribution charts can be found below:

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

CKD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CKD'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
	=	(8789	+	9836)	/	119730
	=	0.16

CKD'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
	=	(6903	+	29379)	/	123159
	=	0.29

CKD (TSE:6407) 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.

CKD Debt-to-Equity Related Terms

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

CKD (TSE:6407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CKD Corp (TSE:6407) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6407:Japan

Address

2-250, Ouji, Aichi, Komaki, JPN, 485-8551

Website

http://www.ckd.co.jp

CKD is a Japan-based company that develops, manufactures, sells, and exports automatic machinery products, labor-saving components, pneumatic control components, fine system components, and fluid control components. The company's products are applied in semiconductor-related businesses, automobile-related businesses, and other sectors. CKD owns four plants in Japan, and also operates production bases in China, Thailand, South Korea, Malaysia, and Indonesia. The company generates the majority of its sales from the Asian market.

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