Optex Group Co (TSE:6914) Debt-to-Equity : 0.24 (As of Dec. 2023)

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What is Optex Group Co Debt-to-Equity?

Optex Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,713 Mil. Optex Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,931 Mil. Optex Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円44,253 Mil. Optex Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.24.

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

TSE:6914' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.31
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Optex Group Co was 0.31. The lowest was 0.02. And the median was 0.11.

TSE:6914's Debt-to-Equity is ranked better than
55.77% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:6914: 0.24

Optex Group Co Debt-to-Equity Historical Data

The historical data trend for Optex Group 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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Optex Group Co Debt-to-Equity Chart

Optex Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.20

0.31

0.27

0.24

Optex Group 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															0.27	0.26	0.25	0.24	0.24

Competitive Comparison of Optex Group Co's Debt-to-Equity

For the Electronic Components subindustry, Optex Group 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.

Optex Group Co's Debt-to-Equity Distribution in the Hardware Industry

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

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

Optex Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optex Group 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
	=	(6713	+	3931)	/	44253
	=	0.24

Optex Group 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
	=	(6713	+	3931)	/	44253
	=	0.24

Optex Group Co (TSE:6914) 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.

Optex Group Co Debt-to-Equity Related Terms

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Optex Group Co (TSE:6914) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optex Group Co Ltd (TSE:6914) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-8-12, Ogoto Otsu, Shiga, JPN, 520-0101

Website

http://www.optex.co.jp

Optex Group Co Ltd is a Japan sensors and related system manufacturing company. It offers its services in the field of security, factory automation, etc. It operates in four business segments namely, sensing segment, factory automation segment, machine vision lighting segment and contract manufacturing segment. Its products include CCTV lighting and other various sensor systems, automatic door sensor and shutter, lighting control, factory automation, industrial LED lighting, temperature measuring systems, water quality measuring systems, store management system, safety drive support system, building automation and Video Analytics Software. The company generates maximum revenue from sensing segment.

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