Minebea Mitsumi (Minebea Mitsumi) Debt-to-Equity : 0.58 (As of Dec. 2023)

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What is Minebea Mitsumi Debt-to-Equity?

Minebea Mitsumi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,152 Mil. Minebea Mitsumi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,514 Mil. Minebea Mitsumi's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,633 Mil. Minebea Mitsumi's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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 Minebea Mitsumi's Debt-to-Equity or its related term are showing as below:

MNBEY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.57 Max: 0.94
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Minebea Mitsumi was 0.94. The lowest was 0.41. And the median was 0.57.

MNBEY's Debt-to-Equity is ranked worse than
71.47% of 2194 companies
in the Hardware industry
Industry Median: 0.28 vs MNBEY: 0.58

Minebea Mitsumi Debt-to-Equity Historical Data

The historical data trend for Minebea Mitsumi'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.

Minebea Mitsumi Debt-to-Equity Chart

Minebea Mitsumi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.41

0.56

0.60

0.50

0.56

Minebea Mitsumi 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															0.58	0.56	0.55	0.57	0.58

Competitive Comparison of Minebea Mitsumi's Debt-to-Equity

For the Electronic Components subindustry, Minebea Mitsumi'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.

Minebea Mitsumi's Debt-to-Equity Distribution in the Hardware Industry

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

* The bar in red indicates where Minebea Mitsumi's Debt-to-Equity falls into.

Minebea Mitsumi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minebea Mitsumi's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1369.431	+	1281.472)	/	4734.667
	=	0.56

Minebea Mitsumi'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
	=	(1151.662	+	1514.285)	/	4633.415
	=	0.58

Minebea Mitsumi (OTCPK:MNBEY) 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.

Minebea Mitsumi Debt-to-Equity Related Terms

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Minebea Mitsumi (Minebea Mitsumi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minebea Mitsumi Inc (OTCPK:MNBEY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MNBEF:USA 6479:Japan

Address

3-9-6, Mita, Minato-ku, Tokyo, JPN, 108-8330

Website

https://www.minebeamitsumi.com

Minebea Mitsumi Inc is an electronic components company. Its operating segments are Machined components, Electronic devices and components and MITSUMI business. The machined components segment manufactures mechanical parts including ball bearings, rod-end bearings, pivot assemblies for hard disk drive (HDD), and screws for automobiles and aircrafts. The electronic devices and components segment manufactures electronic devices (such as LED backlights and sensing devices), HDD spindle motors, stepping motors, DC motors, air movers (fan motors), precision motors and specialized devices. And The MITSUMI business segment manufactures semiconductor devices, optical devices, mechanical parts, high-frequency components, and power supply parts.

Minebea Mitsumi (Minebea Mitsumi) Headlines

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