Daiki Axis Co (TSE:4245) Debt-to-Equity : 1.69 (As of Dec. 2023)

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What is Daiki Axis Co Debt-to-Equity?

Daiki Axis Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円9,713 Mil. Daiki Axis Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,350 Mil. Daiki Axis Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円9,523 Mil. Daiki Axis Co's debt to equity for the quarter that ended in Dec. 2023 was 1.69.

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

TSE:4245' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.12 Med: 1.45 Max: 1.69
Current: 1.69

During the past 12 years, the highest Debt-to-Equity Ratio of Daiki Axis Co was 1.69. The lowest was 1.12. And the median was 1.45.

TSE:4245's Debt-to-Equity is ranked worse than
89.59% of 221 companies
in the Waste Management industry
Industry Median: 0.73 vs TSE:4245: 1.69

Daiki Axis Co Debt-to-Equity Historical Data

The historical data trend for Daiki Axis 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.

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Daiki Axis Co Debt-to-Equity Chart

Daiki Axis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.66

1.69

1.43

1.46

1.69

Daiki Axis 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															1.46	1.89	1.81	1.74	1.69

Competitive Comparison of Daiki Axis Co's Debt-to-Equity

For the Waste Management subindustry, Daiki Axis 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.

Daiki Axis Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiki Axis Co's Debt-to-Equity distribution charts can be found below:

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

Daiki Axis Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Daiki Axis 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
	=	(9713	+	6350)	/	9523
	=	1.69

Daiki Axis 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
	=	(9713	+	6350)	/	9523
	=	1.69

Daiki Axis Co (TSE:4245) 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.

Daiki Axis Co Debt-to-Equity Related Terms

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Daiki Axis Co (TSE:4245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiki Axis Co Ltd (TSE:4245) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ehime Prefecture Misawa chome No. 9 No. 1, Matsuyama, JPN, 791-8022

Website

http://www.daiki-axis.com

Daiki Axis Co.,Ltd is involved in the design, construction and maintenance of wastewater treatment equipment. The company is also engaged in the refining and distribution of biodiesel fuel and sale of purification plants.

Daiki Axis Co (TSE:4245) Headlines

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