Hagihara Industries (TSE:7856) Debt-to-Equity : 0.23 (As of Jan. 2024)

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What is Hagihara Industries Debt-to-Equity?

Hagihara Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円2,229 Mil. Hagihara Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円4,199 Mil. Hagihara Industries's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円27,704 Mil. Hagihara Industries's debt to equity for the quarter that ended in Jan. 2024 was 0.23.

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

TSE:7856' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.24
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Hagihara Industries was 0.24. The lowest was 0.05. And the median was 0.11.

TSE:7856's Debt-to-Equity is ranked better than
67.74% of 933 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs TSE:7856: 0.23

Hagihara Industries Debt-to-Equity Historical Data

The historical data trend for Hagihara Industries'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.

Hagihara Industries Debt-to-Equity Chart

Hagihara Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.13

0.09

0.10

0.17

0.24

Hagihara Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.15	0.24	0.24	0.23

Competitive Comparison of Hagihara Industries's Debt-to-Equity

For the Textile Manufacturing subindustry, Hagihara Industries'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.

Hagihara Industries's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hagihara Industries's Debt-to-Equity distribution charts can be found below:

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

Hagihara Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hagihara Industries's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(2314.843	+	4374.922)	/	27877.879
	=	0.24

Hagihara Industries's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(2229.306	+	4198.766)	/	27703.957
	=	0.23

Hagihara Industries (TSE:7856) 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.

Hagihara Industries Debt-to-Equity Related Terms

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Hagihara Industries (TSE:7856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hagihara Industries Inc (TSE:7856) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4 Mizushima Nakadori, Kurashiki-Shi, Okayama, JPN, 712-8502

Website

http://www.hagihara.co.jp

Hagihara Industries Inc is a Japan-based company mainly engaged in the production and sale of industrial machinery. It manufactures machinery and equipment for converting, highly-functional film, synthetic fiber, fiber and yarn, and plastic industries. The company has business operations in Japan and overseas markets.

Hagihara Industries (TSE:7856) Headlines

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