Mitsubishi Kakoki Kaisha (TSE:6331) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Mitsubishi Kakoki Kaisha Debt-to-Equity?

Mitsubishi Kakoki Kaisha's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Mitsubishi Kakoki Kaisha's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,300 Mil. Mitsubishi Kakoki Kaisha's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円33,046 Mil. Mitsubishi Kakoki Kaisha's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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 Mitsubishi Kakoki Kaisha's Debt-to-Equity or its related term are showing as below:

TSE:6331' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.34
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsubishi Kakoki Kaisha was 0.34. The lowest was 0.10. And the median was 0.15.

TSE:6331's Debt-to-Equity is ranked better than
74.67% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6331: 0.10

Mitsubishi Kakoki Kaisha Debt-to-Equity Historical Data

The historical data trend for Mitsubishi Kakoki Kaisha'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.

Mitsubishi Kakoki Kaisha Debt-to-Equity Chart

Mitsubishi Kakoki Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.16

0.13

0.12

0.11

0.10

Mitsubishi Kakoki Kaisha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.11	0.10	0.10	0.10

Competitive Comparison of Mitsubishi Kakoki Kaisha's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Mitsubishi Kakoki Kaisha'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.

Mitsubishi Kakoki Kaisha's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Kakoki Kaisha's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mitsubishi Kakoki Kaisha's Debt-to-Equity falls into.

Mitsubishi Kakoki Kaisha Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsubishi Kakoki Kaisha's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0	+	3300)	/	34576
	=	0.10

Mitsubishi Kakoki Kaisha'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
	=	(0	+	3300)	/	33046
	=	0.10

Mitsubishi Kakoki Kaisha (TSE:6331) 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.

Mitsubishi Kakoki Kaisha Debt-to-Equity Related Terms

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Mitsubishi Kakoki Kaisha (TSE:6331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Kakoki Kaisha Ltd (TSE:6331) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

893:Germany

Address

2-1 Ohkawa-cho, Kawasaki-ku, Kawasaki, Kanagawa, JPN, 210-8560

Website

http://www.kakoki.co.jp

Mitsubishi Kakoki Kaisha Ltd is a manufacturer of chemical plant equipment. The reportable segments of the company are the Engineering business and the Machinery business. The Engineering business includes city gas and petroleum-related plants, a variety of chemical engineering plants, hydrogen generation plants, sewage treatment equipment, diverse water treatment equipment and related products. The Machinery business includes oil purifiers, a variety of separation and filtration machinery, seawater screening facility mixers and related products. It serves the diversified industries in the fields of energy, chemicals, foodstuffs, pharmaceuticals, air purification, and water and waste treatment. The company has an operational presence across Europe, Mainland China, Taiwan and Thailand.

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