Tsubaki Nakashima Co (TSE:6464) Debt-to-Equity : 1.62 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Tsubaki Nakashima Co Debt-to-Equity?

Tsubaki Nakashima Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円16,068 Mil. Tsubaki Nakashima Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円80,045 Mil. Tsubaki Nakashima Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円59,373 Mil. Tsubaki Nakashima Co's debt to equity for the quarter that ended in Mar. 2024 was 1.62.

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

TSE:6464' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.54 Max: 1.76
Current: 1.67

During the past 12 years, the highest Debt-to-Equity Ratio of Tsubaki Nakashima Co was 1.76. The lowest was 0.87. And the median was 1.54.

TSE:6464's Debt-to-Equity is ranked worse than
94.33% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6464: 1.67

Tsubaki Nakashima Co Debt-to-Equity Historical Data

The historical data trend for Tsubaki Nakashima 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.

* Premium members only.

Tsubaki Nakashima Co Debt-to-Equity Chart

Tsubaki Nakashima Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.50

1.51

1.58

1.76

1.67

Tsubaki Nakashima Co 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															1.72	1.49	1.48	1.67	1.62

Competitive Comparison of Tsubaki Nakashima Co's Debt-to-Equity

For the Tools & Accessories subindustry, Tsubaki Nakashima 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.

Tsubaki Nakashima Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsubaki Nakashima Co's Debt-to-Equity distribution charts can be found below:

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

Tsubaki Nakashima Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tsubaki Nakashima 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
	=	(15974	+	74383)	/	54107
	=	1.67

Tsubaki Nakashima Co's Debt to Equity Ratio for the quarter 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
	=	(16068	+	80045)	/	59373
	=	1.62

Tsubaki Nakashima Co (TSE:6464) 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.

Tsubaki Nakashima Co Debt-to-Equity Related Terms

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

Tsubaki Nakashima Co (TSE:6464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsubaki Nakashima Co Ltd (TSE:6464) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Shakudo, Katsuragi, JPN, 639-2162

Website

http://www.tsubaki-nakashima.com

Tsubaki Nakashima Co Ltd is Japanese based steel balls and precision products, manufacturer. The company is engaged in the production and sale of industrial precision balls, rollers, ball screws, large-scale blowers, cages and sheet metal parts. Its products are used for bearing and other applications such as transportation equipment, home appliances, machine tools, robots, drone, automation equipment, ballpoint pen, and cosmetic spray.

Tsubaki Nakashima Co (TSE:6464) Headlines

No Headlines