Nittetsu Mining Co (TSE:1515) Debt-to-Equity : 0.13 (As of Sep. 2024)

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What is Nittetsu Mining Co Debt-to-Equity?

Nittetsu Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円16,928 Mil. Nittetsu Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円2,211 Mil. Nittetsu Mining Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円145,649 Mil. Nittetsu Mining Co's debt to equity for the quarter that ended in Sep. 2024 was 0.13.

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

TSE:1515' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.21 Max: 0.35
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Nittetsu Mining Co was 0.35. The lowest was 0.13. And the median was 0.21.

TSE:1515's Debt-to-Equity is ranked better than
50.2% of 1237 companies
in the Metals & Mining industry
Industry Median: 0.14 vs TSE:1515: 0.14

Nittetsu Mining Co Debt-to-Equity Historical Data

The historical data trend for Nittetsu Mining 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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Nittetsu Mining Co Debt-to-Equity Chart

Nittetsu Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.22

0.21

0.19

0.17

0.16

Nittetsu Mining Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.16	N/A	0.13	0.14

Competitive Comparison of Nittetsu Mining Co's Debt-to-Equity

For the Copper subindustry, Nittetsu Mining 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.

Nittetsu Mining Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nittetsu Mining Co's Debt-to-Equity distribution charts can be found below:

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

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Nittetsu Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nittetsu Mining 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
	=	(18000	+	4159)	/	140754
	=	0.16

Nittetsu Mining 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
	=	(16928	+	2211)	/	145649
	=	0.13

Nittetsu Mining Co (TSE:1515) 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.

Nittetsu Mining Co Debt-to-Equity Related Terms

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Nittetsu Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nittetsu Mining Co Ltd (TSE:1515) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

7GI:Germany

Address

Yusen Building 3-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8377

Website

https://www.nittetsukou.co.jp

Nittetsu Mining Co Ltd is a Japanese mining company that deals in both metal and non-metal mineral resources. The company comprises the following main business segments - Non-Metallic Minerals, Metallic Minerals, Machinery and Environmental Engineering, Real Estate, and Renewable Energy. The company also involved in the purchasing and distribution of coal and petroleum products, machinery and environment-related products.

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