NTN (STU:NTN) Debt-to-Equity : 1.47 (As of Sep. 2024)

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What is NTN Debt-to-Equity?

NTN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €978 Mil. NTN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €1,367 Mil. NTN's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €1,592 Mil. NTN's debt to equity for the quarter that ended in Sep. 2024 was 1.47.

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

STU:NTN' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.25 Med: 1.55 Max: 2.7
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of NTN was 2.70. The lowest was 1.25. And the median was 1.55.

STU:NTN's Debt-to-Equity is ranked worse than
93.42% of 2615 companies
in the Industrial Products industry
Industry Median: 0.29 vs STU:NTN: 1.47

NTN Debt-to-Equity Historical Data

The historical data trend for NTN'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.

NTN Debt-to-Equity Chart

NTN Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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2.32

2.48

1.99

1.68

1.37

NTN 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															1.57	1.57	1.37	N/A	1.47

Competitive Comparison of NTN's Debt-to-Equity

For the Tools & Accessories subindustry, NTN'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.

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

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

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

NTN Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NTN'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
	=	(833.387	+	1389.949)	/	1623.175
	=	1.37

NTN'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
	=	(978.259	+	1366.645)	/	1592.22
	=	1.47

NTN (STU:NTN) 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.

NTN Debt-to-Equity Related Terms

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NTN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NTN Corp (STU:NTN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6472:Japan

Address

3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003

Website

http://www.ntn.co.jp

NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.