NTT Data Group (TSE:9613) Debt-to-Equity

: 1.46 (As of Dec. 2023)

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NTT Data Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円763,421 Mil. NTT Data Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,537,364 Mil. NTT Data Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,581,823 Mil. NTT Data Group's debt to equity for the quarter that ended in Dec. 2023 was 1.45.

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 NTT Data Group's Debt-to-Equity or its related term are showing as below:

TSE:9613' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.67 Max: 1.46
Current: 1.46

During the past 13 years, the highest Debt-to-Equity Ratio of NTT Data Group was 1.46. The lowest was 0.47. And the median was 0.67.

TSE:9613's Debt-to-Equity is ranked worse than
90.45% of 2221 companies
in the Software industry
Industry Median: 0.21 vs TSE:9613: 1.46

NTT Data Group Debt-to-Equity Historical Data

The historical data trend for NTT Data Group'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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NTT Data Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.63

0.81

0.69

0.52

1.38

NTT Data Group 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															1.34	1.38	1.40	1.45	1.46

Competitive Comparison

For the Information Technology Services subindustry, NTT Data Group'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.

NTT Data Group Debt-to-Equity Distribution

For the Software industry and Technology sector, NTT Data Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NTT Data Group's Debt-to-Equity falls into.

NTT Data Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NTT Data Group'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
	=	(343123	+	1657658)	/	1452367
	=	1.38

NTT Data Group'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
	=	(763421	+	1537364)	/	1581823
	=	1.45

NTT Data Group (TSE:9613) 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.

NTT Data Group Debt-to-Equity Related Terms

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NTT Data Group (TSE:9613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NTT Data Group Corp (TSE:9613) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTDTY:USA NT5:Germany

Address

Toyosu Center Building, 3-3, Toyosu 3-chome, Koto-ku, Yubinbango, Tokyo, JPN, 135-6033

Website

https://www.nttdata.com

NTT Data Group Corp Formerly NTT Data Corp provides IT services to a wide range of business fields. The company's operations are divided into three segments: global, public and social infrastructure; enterprise and solutions; and financial. Each segment contributes approximately an even proportion of the company's revenue. The services the company provides include system integration by constructing systems tailored to individual customer needs, multiple Internet and computer network-based information and processing services, consulting that evaluates customers' management issues, system support for large-scale systems, and new IT-based business models. The company is based in Japan but has a global presence.

NTT Data Group (TSE:9613) Headlines

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