Kyoei Steel (TSE:5440) Debt-to-Equity : 0.50 (As of Dec. 2023)

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What is Kyoei Steel Debt-to-Equity?

Kyoei Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円62,382 Mil. Kyoei Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円34,742 Mil. Kyoei Steel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円193,377 Mil. Kyoei Steel's debt to equity for the quarter that ended in Dec. 2023 was 0.50.

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

TSE:5440' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.48 Max: 0.58
Current: 0.48

During the past 13 years, the highest Debt-to-Equity Ratio of Kyoei Steel was 0.58. The lowest was 0.25. And the median was 0.48.

TSE:5440's Debt-to-Equity is ranked worse than
54.26% of 551 companies
in the Steel industry
Industry Median: 0.42 vs TSE:5440: 0.48

Kyoei Steel Debt-to-Equity Historical Data

The historical data trend for Kyoei Steel'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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Kyoei Steel Debt-to-Equity Chart

Kyoei Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.49

0.51

0.58

0.55

0.48

Kyoei Steel 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															0.55	0.51	0.50	0.50	0.48

Competitive Comparison of Kyoei Steel's Debt-to-Equity

For the Steel subindustry, Kyoei Steel'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.

Kyoei Steel's Debt-to-Equity Distribution in the Steel Industry

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

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

Kyoei Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kyoei Steel'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
	=	(60127	+	32612)	/	194640
	=	0.48

Kyoei Steel'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
	=	(62382	+	34742)	/	193377
	=	0.50

Kyoei Steel (TSE:5440) 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.

Kyoei Steel Debt-to-Equity Related Terms

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Kyoei Steel (TSE:5440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kyoei Steel Ltd (TSE:5440) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Issue 16 No. 4-chome, Kita-ku, Dojimahama, Osaka, JPN, 5300004

Website

http://www.kyoeisteel.co.jp

Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.

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