CMIC HOLDINGS Co (TSE:2309) Debt-to-Equity : 0.07 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is CMIC HOLDINGS Co Debt-to-Equity?

CMIC HOLDINGS Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,044 Mil. CMIC HOLDINGS Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,570 Mil. CMIC HOLDINGS Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円35,471 Mil. CMIC HOLDINGS Co's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

TSE:2309' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.87 Max: 1.08
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of CMIC HOLDINGS Co was 1.08. The lowest was 0.07. And the median was 0.87.

TSE:2309's Debt-to-Equity is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 0.22 vs TSE:2309: 0.07

CMIC HOLDINGS Co Debt-to-Equity Historical Data

The historical data trend for CMIC HOLDINGS 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.

* Premium members only.

CMIC HOLDINGS Co Debt-to-Equity Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

0.87

1.08

0.79

0.66

0.08

CMIC HOLDINGS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.51	0.08	0.08	0.07

Competitive Comparison of CMIC HOLDINGS Co's Debt-to-Equity

For the Diagnostics & Research subindustry, CMIC HOLDINGS 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.

CMIC HOLDINGS Co's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Debt-to-Equity distribution charts can be found below:

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

CMIC HOLDINGS Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMIC HOLDINGS Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1123	+	1804)	/	36083
	=	0.08

CMIC HOLDINGS 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
	=	(1044	+	1570)	/	35471
	=	0.07

CMIC HOLDINGS Co (TSE:2309) 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.

CMIC HOLDINGS Co Debt-to-Equity Related Terms

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

CMIC HOLDINGS Co (TSE:2309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (TSE:2309) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.

CMIC HOLDINGS Co (TSE:2309) Headlines

No Headlines