Nippon Souken Co (TSE:5840) Debt-to-Equity : 2.21 (As of Nov. 2023)

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What is Nippon Souken Co Debt-to-Equity?

Nippon Souken Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円30.6 Mil. Nippon Souken Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was 円120.4 Mil. Nippon Souken Co's Total Stockholders Equity for the quarter that ended in Nov. 2023 was 円68.3 Mil. Nippon Souken Co's debt to equity for the quarter that ended in Nov. 2023 was 2.21.

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

TSE:5840' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.21 Med: 3.11 Max: 5.03
Current: 2.21

During the past 3 years, the highest Debt-to-Equity Ratio of Nippon Souken Co was 5.03. The lowest was 2.21. And the median was 3.11.

TSE:5840's Debt-to-Equity is ranked worse than
96.41% of 390 companies
in the Insurance industry
Industry Median: 0.23 vs TSE:5840: 2.21

Nippon Souken Co Debt-to-Equity Historical Data

The historical data trend for Nippon Souken 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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Nippon Souken Co Debt-to-Equity Chart

Nippon Souken Co Annual Data

Trend

Nov21

Nov22

Nov23

Debt-to-Equity

5.03

3.11

2.21

Nippon Souken Co Semi-Annual Data
	Nov21	Nov22	Nov23
Debt-to-Equity	5.03	3.11	2.21

Competitive Comparison of Nippon Souken Co's Debt-to-Equity

For the Insurance Brokers subindustry, Nippon Souken 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.

Nippon Souken Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Nippon Souken Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Souken Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Souken Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(30.606	+	120.375)	/	68.254
	=	2.21

Nippon Souken Co's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(30.606	+	120.375)	/	68.254
	=	2.21

Nippon Souken Co (TSE:5840) 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.

Nippon Souken Co Debt-to-Equity Related Terms

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Nippon Souken Co (TSE:5840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nippon Souken Co Ltd (TSE:5840) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Sunport, Takamatsu Symbol Tower 9th floor, Kagawa Prefecture, Takamatsu, JPN, 760-0019

Website

https://www.iba-ns.com

Nippon Souken Co Ltd is an insurance broker authorized by the Financial Services Agency to specialize in risk and insurance. The company provides a one-stop solution to the problems faced by insurance representatives.

Nippon Souken Co (TSE:5840) Headlines

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