Nippon Steel (STU:NPS) Debt-to-Equity : 0.52 (As of Sep. 2024)

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What is Nippon Steel Debt-to-Equity?

Nippon Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €4,221 Mil. Nippon Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €13,400 Mil. Nippon Steel's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €34,059 Mil. Nippon Steel's debt to equity for the quarter that ended in Sep. 2024 was 0.52.

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

STU:NPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.73 Max: 1.14
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Steel was 1.14. The lowest was 0.52. And the median was 0.73.

STU:NPS's Debt-to-Equity is ranked worse than
57.91% of 556 companies
in the Steel industry
Industry Median: 0.43 vs STU:NPS: 0.52

Nippon Steel Debt-to-Equity Historical Data

The historical data trend for Nippon Steel'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 Steel Debt-to-Equity Chart

Nippon Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.94

0.93

0.77

0.65

0.57

Nippon Steel 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															0.67	0.64	0.57	N/A	0.52

Competitive Comparison of Nippon Steel's Debt-to-Equity

For the Steel subindustry, Nippon Steel'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 Steel's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nippon Steel's Debt-to-Equity distribution charts can be found below:

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

Nippon Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Steel'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
	=	(3325.191	+	13326.357)	/	29338.873
	=	0.57

Nippon Steel'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
	=	(4220.98	+	13400.089)	/	34058.933
	=	0.52

Nippon Steel (STU:NPS) 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 Steel Debt-to-Equity Related Terms

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Nippon Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Steel Corp (STU:NPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NPSCY:USA NISTF:USA 5401:Japan

Address

6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8071

Website

https://www.nipponsteel.com

Nippon Steel Corporation, or NS, is the largest steel producer in Japan and one of the top five producers globally. NS supplies steel products such as steel sheets, steel plates, pipes, tubes, bars, wire rods, and stainless steels. It is mainly exposed to the auto, construction, and energy sectors. Steelmaking accounts for around 85%-90% of its revenue, while the remainder stems from engineering and construction, chemicals, new materials, and system solutions. Around 35%-40% of its revenue is from exports.