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Kitz (TSE:6498) Equity-to-Asset : 0.61 (As of Dec. 2023)


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What is Kitz Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kitz's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円100,873 Mil. Kitz's Total Assets for the quarter that ended in Dec. 2023 was 円166,693 Mil. Therefore, Kitz's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.61.

The historical rank and industry rank for Kitz's Equity-to-Asset or its related term are showing as below:

TSE:6498' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.53   Med: 0.59   Max: 0.66
Current: 0.61

During the past 13 years, the highest Equity to Asset Ratio of Kitz was 0.66. The lowest was 0.53. And the median was 0.59.

TSE:6498's Equity-to-Asset is ranked better than
59.35% of 3031 companies
in the Industrial Products industry
Industry Median: 0.56 vs TSE:6498: 0.61

Kitz Equity-to-Asset Historical Data

The historical data trend for Kitz's Equity-to-Asset 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.

Kitz Equity-to-Asset Chart

Kitz Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.57 0.56 0.56 0.59

Kitz Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.59 0.61 0.61 0.61

Competitive Comparison of Kitz's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Kitz's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Kitz's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kitz's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Kitz's Equity-to-Asset falls into.



Kitz Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Kitz's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=89960/152569
=0.59

Kitz's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=100873/166693
=0.61

* 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.


Kitz  (TSE:6498) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Kitz Equity-to-Asset Related Terms

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


Kitz (TSE:6498) Business Description

Traded in Other Exchanges
N/A
Address
1-10-1 Nakase Mihama-ku, Chiba, JPN, 2618577
Kitz Corp is a Japan-based company that operates through segments namely valve manufacturing business in which the company manufactures and sells valves, fittings, water purifiers, and industrial filters. the brass manufacturing business involves manufacturing and selling of brass rods for machined or forged products. The company's products consist of brass, cast iron, ductile iron, strainer, bronze, and others. It generates a majority of its revenue from the Valve manufacturing business.

Kitz (TSE:6498) Headlines

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