Tokyo Ohka Kogyo Co (TSE:4186) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Tokyo Ohka Kogyo Co Debt-to-Equity?

Tokyo Ohka Kogyo Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円486 Mil. Tokyo Ohka Kogyo Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,000 Mil. Tokyo Ohka Kogyo Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円183,792 Mil. Tokyo Ohka Kogyo 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 Tokyo Ohka Kogyo Co's Debt-to-Equity or its related term are showing as below:

TSE:4186' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.08
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Tokyo Ohka Kogyo Co was 0.08. The lowest was 0.00. And the median was 0.06.

TSE:4186's Debt-to-Equity is ranked better than
81.16% of 2198 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:4186: 0.06

Tokyo Ohka Kogyo Co Debt-to-Equity Historical Data

The historical data trend for Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co Debt-to-Equity Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.07

0.06

Tokyo Ohka Kogyo 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															0.06	0.06	0.06	0.06	0.06

Competitive Comparison of Tokyo Ohka Kogyo Co's Debt-to-Equity

For the Electronic Components subindustry, Tokyo Ohka Kogyo 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.

Tokyo Ohka Kogyo Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tokyo Ohka Kogyo Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tokyo Ohka Kogyo Co's Debt-to-Equity falls into.

Tokyo Ohka Kogyo Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tokyo Ohka Kogyo Co's Debt to Equity Ratio for the fiscal year 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
	=	(486	+	10000)	/	183792
	=	0.06

Tokyo Ohka Kogyo 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
	=	(486	+	10000)	/	183792
	=	0.06

Tokyo Ohka Kogyo Co (TSE:4186) 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.

Tokyo Ohka Kogyo Co Debt-to-Equity Related Terms

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Tokyo Ohka Kogyo Co (TSE:4186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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