Ad-Sol Nissin (TSE:3837) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Ad-Sol Nissin Debt-to-Equity?

Ad-Sol Nissin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Ad-Sol Nissin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Ad-Sol Nissin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円7,117 Mil. Ad-Sol Nissin's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Ad-Sol Nissin's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Ad-Sol Nissin was 0.10. The lowest was 0.01. And the median was 0.04.

TSE:3837's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.2
* Ranked among companies with meaningful Debt-to-Equity only.

Ad-Sol Nissin Debt-to-Equity Historical Data

The historical data trend for Ad-Sol Nissin'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.

Ad-Sol Nissin Debt-to-Equity Chart

Ad-Sol Nissin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.04

0.06

0.02

Ad-Sol Nissin 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															-	-	-	-	-

Competitive Comparison of Ad-Sol Nissin's Debt-to-Equity

For the Information Technology Services subindustry, Ad-Sol Nissin'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.

Ad-Sol Nissin's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Ad-Sol Nissin's Debt-to-Equity distribution charts can be found below:

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

Ad-Sol Nissin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ad-Sol Nissin'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
	=	(0	+	0)	/	6676.356
	=	0.00

Ad-Sol Nissin'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
	=	(0	+	0)	/	7116.646
	=	0.00

Ad-Sol Nissin (TSE:3837) 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.

Ad-Sol Nissin Debt-to-Equity Related Terms

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Ad-Sol Nissin (TSE:3837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ad-Sol Nissin Corp (TSE:3837) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riverge Shinagawa 4 - chome, Minato - ku, Tokyo, JPN, 108-0075

Website

http://www.adniss.jp

Ad-Sol Nissin Corp develops information systems for enterprises. The company provides Social Infrastructure Business, Advanced Industry Business, IoX Integrated Engineering Business, and Security solutions. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others. The IoX Integrated Engineering Business propose solutions such as AI. Big Data, Wireless, and others, and Security Solution protect IoT devices from cyber attacks.

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