Nichiban Co (TSE:4218) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Nichiban Co Debt-to-Equity?

Nichiban Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Nichiban Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,000 Mil. Nichiban Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円40,942 Mil. Nichiban Co's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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

TSE:4218' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.06 Max: 0.11
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Nichiban Co was 0.11. The lowest was 0.05. And the median was 0.06.

TSE:4218's Debt-to-Equity is ranked better than
83.96% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSE:4218: 0.05

Nichiban Co Debt-to-Equity Historical Data

The historical data trend for Nichiban 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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Nichiban Co Debt-to-Equity Chart

Nichiban Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.06

0.07

0.05

Nichiban 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															0.05	0.05	0.05	0.05	0.05

Competitive Comparison of Nichiban Co's Debt-to-Equity

For the Business Equipment & Supplies subindustry, Nichiban 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.

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

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

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

Nichiban Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nichiban 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
	=	(81	+	2090)	/	40602
	=	0.05

Nichiban 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
	=	(0	+	2000)	/	40942
	=	0.05

Nichiban Co (TSE:4218) 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.

Nichiban Co Debt-to-Equity Related Terms

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Nichiban Co (TSE:4218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nichiban Co Ltd (TSE:4218) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3-3, Sekiguchi, Bunkyo-ku, Tokyo, JPN, 112-8663

Website

http://www.nichiban.co.jp

Nichiban Co Ltd is a Japan based company engaged in the business of manufacturing and selling products in the field of medical supplies, healthcare, industrial products and industrial products. It offers hemostatic solutions, wound care dressing and surgical tapes, industrial products for manufacturing and distribution and automotive industry, stationery products, TDS pharmaceutical pain relief plaster and foot care products, sports medical battlewin taping tape and first aid bandage.

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