Kyokuto Kaihatsu Kogyo Co (TSE:7226) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Kyokuto Kaihatsu Kogyo Co Debt-to-Equity?

Kyokuto Kaihatsu Kogyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,706 Mil. Kyokuto Kaihatsu Kogyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,138 Mil. Kyokuto Kaihatsu Kogyo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円112,582 Mil. Kyokuto Kaihatsu Kogyo Co's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Kyokuto Kaihatsu Kogyo Co's Debt-to-Equity or its related term are showing as below:

TSE:7226' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.13
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Kyokuto Kaihatsu Kogyo Co was 0.13. The lowest was 0.01. And the median was 0.08.

TSE:7226's Debt-to-Equity is ranked better than
83.42% of 187 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.41 vs TSE:7226: 0.11

Kyokuto Kaihatsu Kogyo Co Debt-to-Equity Historical Data

The historical data trend for Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo Co Debt-to-Equity Chart

Kyokuto Kaihatsu Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.05

0.02

0.01

0.10

Kyokuto Kaihatsu Kogyo 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															0.10	0.10	0.10	0.10	0.11

Competitive Comparison of Kyokuto Kaihatsu Kogyo Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo 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.

Kyokuto Kaihatsu Kogyo Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Kyokuto Kaihatsu Kogyo Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kyokuto Kaihatsu Kogyo Co's Debt-to-Equity falls into.

Kyokuto Kaihatsu Kogyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyokuto Kaihatsu Kogyo Co'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
	=	(927	+	10140)	/	111536
	=	0.10

Kyokuto Kaihatsu Kogyo Co'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
	=	(1706	+	10138)	/	112582
	=	0.11

Kyokuto Kaihatsu Kogyo Co (TSE:7226) 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.

Kyokuto Kaihatsu Kogyo Co Debt-to-Equity Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kyokuto Kaihatsu Kogyo Co Ltd (TSE:7226) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545

Website

http://www.kyokuto.com

Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

Kyokuto Kaihatsu Kogyo Co (TSE:7226) Headlines

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