NITCHITSU Co (TSE:7021) Debt-to-Equity : 0.12 (As of Dec. 2023)

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What is NITCHITSU Co Debt-to-Equity?

NITCHITSU Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,127 Mil. NITCHITSU Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円96 Mil. NITCHITSU Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円10,434 Mil. NITCHITSU Co's debt to equity for the quarter that ended in Dec. 2023 was 0.12.

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

TSE:7021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.12 Max: 0.2
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of NITCHITSU Co was 0.20. The lowest was 0.11. And the median was 0.12.

TSE:7021's Debt-to-Equity is ranked better than
71.43% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:7021: 0.12

NITCHITSU Co Debt-to-Equity Historical Data

The historical data trend for NITCHITSU 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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NITCHITSU Co Debt-to-Equity Chart

NITCHITSU Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.12

NITCHITSU 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															0.12	0.12	0.12	0.12	0.12

Competitive Comparison of NITCHITSU Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, NITCHITSU 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.

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

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

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

NITCHITSU Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NITCHITSU Co'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
	=	(1226.8	+	29)	/	10280.618
	=	0.12

NITCHITSU 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
	=	(1126.8	+	96.4)	/	10433.569
	=	0.12

NITCHITSU Co (TSE:7021) 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.

NITCHITSU Co Debt-to-Equity Related Terms

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NITCHITSU Co (TSE:7021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NITCHITSU Co Ltd (TSE:7021) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-30 Akasaka, Minato-ku, Tokyo, JPN, 107-0052

Website

http://www.nitchitsu.co.jp

NITCHITSU CO., Ltd. is the diversified industrial machinery manufacturing company. It is organized into four business units - Machinery related business, Resource related business, Real estate related business, and Material related business. The Machinery related business manufactures and sells air preheaters and their elements, marine equipment and industrial equipment. The Resource related business is engaged in the mining, processing and selling of crystalline limestone. The Real estate related business is engaged in the property leasing activities. The Material division manufactures and sells heat-resistant paints and purchase, process and sell of linatex.

NITCHITSU Co (TSE:7021) Headlines

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