Kaneka (TSE:4118) Equity-to-Asset : 0.51 (As of Dec. 2023)

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What is Kaneka Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kaneka's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円435,822 Mil. Kaneka's Total Assets for the quarter that ended in Dec. 2023 was 円850,620 Mil. Therefore, Kaneka's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

The historical rank and industry rank for Kaneka's Equity-to-Asset or its related term are showing as below:

TSE:4118' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.52 Max: 0.54
Current: 0.52

During the past 13 years, the highest Equity to Asset Ratio of Kaneka was 0.54. The lowest was 0.51. And the median was 0.52.

TSE:4118's Equity-to-Asset is ranked worse than
59.85% of 1569 companies
in the Chemicals industry
Industry Median: 0.59 vs TSE:4118: 0.52

Kaneka Equity-to-Asset Historical Data

The historical data trend for Kaneka's Equity-to-Asset 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.

Kaneka Equity-to-Asset Chart

Kaneka Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.51

0.54

0.53

0.52

Kaneka Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.53	0.53	0.52	0.51	0.52

Competitive Comparison of Kaneka's Equity-to-Asset

For the Specialty Chemicals subindustry, Kaneka's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Kaneka's Equity-to-Asset Distribution in the Chemicals Industry

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

* The bar in red indicates where Kaneka's Equity-to-Asset falls into.

Kaneka Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Kaneka's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	454110	/	870205
	=	0.52

Kaneka's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	435822	/	850620
	=	0.51

Kaneka (TSE:4118) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Kaneka Equity-to-Asset Related Terms

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

Kaneka (TSE:4118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kaneka Corp (TSE:4118) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

KANKF:USA KKA:Germany

Address

3-2-4, Nakanoshima, Kita-ku, Osaka, JPN, 530-8288

Website

http://www.kaneka.co.jp

Kaneka Corp manufactures and sells a variety of chemicals, plastics, and chemical-based products. The company organizes itself into seven segments based on product type. The foodstuffs segment, which generates more revenue than any other segment, sells margarine, shortening, bakery yeast and spices. The chemicals segment sells polyvinyl chloride used in pipes and flooring. The functional and expandable products segments sell polystyrene- and silicone-based products. The life science products segment sells medical devices, which include balloon catheters for vessel stenosis, and pharmaceutical ingredients. The electronic products segment sells heat resistant films and optical materials. The synthetic fibers segment sells fibers used to make apparel. The majority of revenue comes from Japan.

Kaneka (TSE:4118) Headlines

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