The Nihon Seima Co (TSE:3306) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is The Nihon Seima Co Debt-to-Equity?

The Nihon Seima Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円418 Mil. The Nihon Seima Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円313 Mil. The Nihon Seima Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,800 Mil. The Nihon Seima Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 The Nihon Seima Co's Debt-to-Equity or its related term are showing as below:

TSE:3306' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 0.66 Max: 0.88
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of The Nihon Seima Co was 0.88. The lowest was 0.41. And the median was 0.66.

TSE:3306's Debt-to-Equity is ranked better than
58.81% of 471 companies
in the Conglomerates industry
Industry Median: 0.56 vs TSE:3306: 0.41

The Nihon Seima Co Debt-to-Equity Historical Data

The historical data trend for The Nihon Seima 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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The Nihon Seima Co Debt-to-Equity Chart

The Nihon Seima Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.66

0.65

0.56

0.55

0.47

The Nihon Seima Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.47	0.42	0.42	0.41

Competitive Comparison of The Nihon Seima Co's Debt-to-Equity

For the Conglomerates subindustry, The Nihon Seima 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.

The Nihon Seima Co's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, The Nihon Seima Co's Debt-to-Equity distribution charts can be found below:

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

The Nihon Seima Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Nihon Seima Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(239.456	+	537.606)	/	1644.359
	=	0.47

The Nihon Seima Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(418.172	+	312.811)	/	1800.474
	=	0.41

The Nihon Seima Co (TSE:3306) 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.

The Nihon Seima Co Debt-to-Equity Related Terms

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The Nihon Seima Co (TSE:3306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » The Nihon Seima Co Ltd (TSE:3306) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shinko Building, 8, Kaigandori, Chuo-ku, Kobe, JPN, 650-0024

Website

http://www.nihonseima.co.jp

The Nihon Seima Co Ltd is engaged in the manufacture and sale of industrial materials and food products in Japan. It operates through the following business divisions: The Industrial Materials division offers jute products, packaging materials, and others. The Mat division is involved in the manufacture and sale of automobile floor mats and others. The Food divisions is engaged in the production and processing of spaghetti, sauce, and others.

The Nihon Seima Co (TSE:3306) Headlines

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