Nippon Gear Co (TSE:6356) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is Nippon Gear Co Debt-to-Equity?

Nippon Gear Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円147 Mil. Nippon Gear Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円256 Mil. Nippon Gear Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円10,585 Mil. Nippon Gear Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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

TSE:6356' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.09 Max: 0.38
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Gear Co was 0.38. The lowest was 0.04. And the median was 0.09.

TSE:6356's Debt-to-Equity is ranked better than
92.67% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSE:6356: 0.04

Nippon Gear Co Debt-to-Equity Historical Data

The historical data trend for Nippon Gear 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.

* Premium members only.

Nippon Gear Co Debt-to-Equity Chart

Nippon Gear Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.12

0.11

0.09

0.08

0.05

Nippon Gear 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															0.08	0.05	0.05	0.04	0.04

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

For the Auto Parts subindustry, Nippon Gear 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 Gear Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Gear Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Gear Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Gear 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
	=	(145.459	+	366.464)	/	9439.895
	=	0.05

Nippon Gear 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
	=	(146.812	+	256.155)	/	10584.826
	=	0.04

Nippon Gear Co (TSE:6356) 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 Gear Co Debt-to-Equity Related Terms

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Nippon Gear Co (TSE:6356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811

Website

http://www.nippon-gear.jp

Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

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