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Hagihara Industries (TSE:7856) Equity-to-Asset : 0.66 (As of Jan. 2024)


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What is Hagihara Industries Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hagihara Industries's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円27,704 Mil. Hagihara Industries's Total Assets for the quarter that ended in Jan. 2024 was 円42,207 Mil. Therefore, Hagihara Industries's Equity to Asset Ratio for the quarter that ended in Jan. 2024 was 0.66.

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

TSE:7856' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66   Med: 0.7   Max: 0.74
Current: 0.66

During the past 13 years, the highest Equity to Asset Ratio of Hagihara Industries was 0.74. The lowest was 0.66. And the median was 0.70.

TSE:7856's Equity-to-Asset is ranked better than
69.99% of 1083 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.52 vs TSE:7856: 0.66

Hagihara Industries Equity-to-Asset Historical Data

The historical data trend for Hagihara Industries'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.

Hagihara Industries Equity-to-Asset Chart

Hagihara Industries Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.72 0.73 0.68 0.66

Hagihara Industries Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.67 0.67 0.66 0.66

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

For the Textile Manufacturing subindustry, Hagihara Industries'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.


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

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

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



Hagihara Industries 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.

Hagihara Industries's Equity to Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Equity to Asset (A: Oct. 2023 )=Total Stockholders Equity/Total Assets
=27877.879/42432.902
=0.66

Hagihara Industries's Equity to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Equity to Asset (Q: Jan. 2024 )=Total Stockholders Equity/Total Assets
=27703.957/42206.855
=0.66

* 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.


Hagihara Industries  (TSE:7856) 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%.


Hagihara Industries Equity-to-Asset Related Terms

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


Hagihara Industries (TSE:7856) Business Description

Traded in Other Exchanges
N/A
Address
1-4 Mizushima Nakadori, Kurashiki-Shi, Okayama, JPN, 712-8502
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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