Nisshin Oillio Group (TSE:2602) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Nisshin Oillio Group Debt-to-Equity?

Nisshin Oillio Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円25,890 Mil. Nisshin Oillio Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円78,732 Mil. Nisshin Oillio Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円182,622 Mil. Nisshin Oillio Group's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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

TSE:2602' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.41 Max: 0.69
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Nisshin Oillio Group was 0.69. The lowest was 0.34. And the median was 0.41.

TSE:2602's Debt-to-Equity is ranked worse than
59.6% of 1641 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TSE:2602: 0.57

Nisshin Oillio Group Debt-to-Equity Historical Data

The historical data trend for Nisshin Oillio 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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Nisshin Oillio Group Debt-to-Equity Chart

Nisshin Oillio Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.40

0.41

0.63

0.69

0.57

Nisshin Oillio Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.60	0.54	0.55	0.57

Competitive Comparison of Nisshin Oillio Group's Debt-to-Equity

For the Packaged Foods subindustry, Nisshin Oillio 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.

Nisshin Oillio Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nisshin Oillio Group's Debt-to-Equity distribution charts can be found below:

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

Nisshin Oillio Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nisshin Oillio Group'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
	=	(25890	+	78732)	/	182622
	=	0.57

Nisshin Oillio Group's Debt to Equity Ratio for the quarter 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
	=	(25890	+	78732)	/	182622
	=	0.57

Nisshin Oillio Group (TSE:2602) 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.

Nisshin Oillio Group Debt-to-Equity Related Terms

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Nisshin Oillio Group (TSE:2602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Oillio Group Ltd (TSE:2602) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285

Website

http://www.nisshin-oillio.com

Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.

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