Nitto Boseki Co (FRA:NB5) Debt-to-Equity : 0.40 (As of Sep. 2024)

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What is Nitto Boseki Co Debt-to-Equity?

Nitto Boseki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €135.3 Mil. Nitto Boseki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €175.3 Mil. Nitto Boseki Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €783.7 Mil. Nitto Boseki Co's debt to equity for the quarter that ended in Sep. 2024 was 0.40.

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

FRA:NB5' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.43 Max: 0.49
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Nitto Boseki Co was 0.49. The lowest was 0.22. And the median was 0.43.

FRA:NB5's Debt-to-Equity is ranked better than
51.55% of 937 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42 vs FRA:NB5: 0.40

Nitto Boseki Co Debt-to-Equity Historical Data

The historical data trend for Nitto Boseki 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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Nitto Boseki Co Debt-to-Equity Chart

Nitto Boseki Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.43

0.45

0.44

0.45

Nitto Boseki Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.44	0.45	N/A	0.40

Competitive Comparison of Nitto Boseki Co's Debt-to-Equity

For the Textile Manufacturing subindustry, Nitto Boseki 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.

Nitto Boseki Co's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Boseki Co's Debt-to-Equity distribution charts can be found below:

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

Nitto Boseki Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitto Boseki Co's Debt to Equity Ratio for the fiscal year 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
	=	(187.072	+	139.229)	/	725.776
	=	0.45

Nitto Boseki Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(135.345	+	175.348)	/	783.668
	=	0.40

Nitto Boseki Co (FRA:NB5) 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.

Nitto Boseki Co Debt-to-Equity Related Terms

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Nitto Boseki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Boseki Co Ltd (FRA:NB5) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

3110:Japan

Address

2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8489

Website

http://www.nittobo.co.jp

Nitto Boseki Co Ltd is engaged in the textile business. It operates in six segments: Textiles Business engages in the manufacture and sales of textiles products (core-spun yarn, stretch products, interlining and other finished products, etc.); Glass Fiber Yam Business engages in the manufacture and sales of glass raw fiber products (yarn, roving, chopped strands, etc.); Glass Fiber Cloth Business engages in the manufacture and sales of glass fiber functional products (glass cloth, etc.); Glass Fiber for Industrial Materials Business engages in the manufacture and sales of glass fiber products for use in industrial materials and the manufacture and sales of glass wool products (for use in thermal insulation materials); Life Science Business; and Other segment.

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