Eiken Chemical Co (TSE:4549) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Eiken Chemical Co Debt-to-Equity?

Eiken Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Eiken Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,000 Mil. Eiken Chemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円50,270 Mil. Eiken Chemical Co's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Eiken Chemical Co's Debt-to-Equity or its related term are showing as below:

TSE:4549' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.09
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Eiken Chemical Co was 0.09. The lowest was 0.03. And the median was 0.03.

TSE:4549's Debt-to-Equity is ranked better than
70.41% of 703 companies
in the Medical Devices & Instruments industry
Industry Median: 0.22 vs TSE:4549: 0.09

Eiken Chemical Co Debt-to-Equity Historical Data

The historical data trend for Eiken Chemical 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.

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Eiken Chemical Co Debt-to-Equity Chart

Eiken Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.03

0.09

Eiken Chemical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.09	0.06	0.06	0.06	0.09

Competitive Comparison of Eiken Chemical Co's Debt-to-Equity

For the Medical Devices subindustry, Eiken Chemical 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.

Eiken Chemical Co's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eiken Chemical Co's Debt-to-Equity distribution charts can be found below:

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

Eiken Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eiken Chemical Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(384	+	3951)	/	45970
	=	0.09

Eiken Chemical 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
	=	(0	+	3000)	/	50270
	=	0.06

Eiken Chemical Co (TSE:4549) 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.

Eiken Chemical Co Debt-to-Equity Related Terms

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Eiken Chemical Co (TSE:4549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eiken Chemical Co Ltd (TSE:4549) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-19-9 Taito, Taito-ku, Tokyo, JPN, 110-8408

Website

http://www.eiken.co.jp

Eiken Chemical Co Ltd is a Japan-based company. It manufactures and sells clinical diagnostics and equipment. The company is engaged in processing, manufacture, purchase and sale of test agents, property and casualty insurance agency business. It as a general manufacturer of clinical diagnostics offers a wide range of in vitro diagnostic aids for all fields of medicine. Its major products include the Fecal immunochemical test, Molecular Genetics (LAMP), Microbiology, among many others.

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