Nippon Sheet Glass Co (Nippon Sheet Glass Co) Debt-to-Equity : 4.63 (As of Dec. 2023)

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What is Nippon Sheet Glass Co Debt-to-Equity?

Nippon Sheet Glass Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $820 Mil. Nippon Sheet Glass Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,744 Mil. Nippon Sheet Glass Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $770 Mil. Nippon Sheet Glass Co's debt to equity for the quarter that ended in Dec. 2023 was 4.63.

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

NPSGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.32 Med: 3.64 Max: 9.54
Current: 4.63

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Sheet Glass Co was 9.54. The lowest was 2.32. And the median was 3.64.

NPSGY's Debt-to-Equity is ranked worse than
98.04% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs NPSGY: 4.63

Nippon Sheet Glass Co Debt-to-Equity Historical Data

The historical data trend for Nippon Sheet Glass 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.

Nippon Sheet Glass Co Debt-to-Equity Chart

Nippon Sheet Glass Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

2.99

5.81

7.47

3.21

5.07

Nippon Sheet Glass 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															4.63	5.07	4.22	4.14	4.63

Competitive Comparison of Nippon Sheet Glass Co's Debt-to-Equity

For the Auto Parts subindustry, Nippon Sheet Glass 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.

Nippon Sheet Glass Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Sheet Glass Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Sheet Glass 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
	=	(1209.074	+	2468.37)	/	725.998
	=	5.07

Nippon Sheet Glass 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
	=	(819.64	+	2743.964)	/	770.398
	=	4.63

Nippon Sheet Glass Co (OTCPK:NPSGY) 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.

Nippon Sheet Glass Co Debt-to-Equity Related Terms

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Nippon Sheet Glass Co (Nippon Sheet Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Sheet Glass Co Ltd (OTCPK:NPSGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5202:Japan NI9:Germany

Address

Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321

Website

http://www.nsg.com

Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Headlines

From GuruFocus

Nippon Sheet Glass Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-13-2021