Di Nikko Engineering Co (TSE:6635) Debt-to-Equity : 2.09 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Di Nikko Engineering Co Debt-to-Equity?

Di Nikko Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円8,025 Mil. Di Nikko Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円5,400 Mil. Di Nikko Engineering Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円6,410 Mil. Di Nikko Engineering Co's debt to equity for the quarter that ended in Mar. 2024 was 2.09.

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

TSE:6635' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.65 Med: 2.7 Max: 4.27
Current: 2.09

During the past 13 years, the highest Debt-to-Equity Ratio of Di Nikko Engineering Co was 4.27. The lowest was 1.65. And the median was 2.70.

TSE:6635's Debt-to-Equity is ranked worse than
96.4% of 2193 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:6635: 2.09

Di Nikko Engineering Co Debt-to-Equity Historical Data

The historical data trend for Di Nikko Engineering 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.

Di Nikko Engineering Co Debt-to-Equity Chart

Di Nikko Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.54

3.26

3.10

2.46

2.13

Di Nikko Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															2.71	2.52	2.36	2.13	2.09

Competitive Comparison of Di Nikko Engineering Co's Debt-to-Equity

For the Electronic Components subindustry, Di Nikko Engineering 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.

Di Nikko Engineering Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Di Nikko Engineering Co's Debt-to-Equity distribution charts can be found below:

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

Di Nikko Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Di Nikko Engineering Co's Debt to Equity Ratio for the fiscal year 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
	=	(7868.958	+	4857.224)	/	5969.158
	=	2.13

Di Nikko Engineering Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(8025.333	+	5399.773)	/	6409.995
	=	2.09

Di Nikko Engineering Co (TSE:6635) 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.

Di Nikko Engineering Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Di Nikko Engineering Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Di Nikko Engineering Co (TSE:6635) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Di Nikko Engineering Co Ltd (TSE:6635) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

697-1, Nemuro, Tochigi, Nikko, JPN, 321-2342

Website

http://www.dne.co.jp

Di Nikko Engineering Co Ltd engages in the design, test, manufacture, distribution, and return/repair of electronic components and assemblies for original equipment manufacturers in Japan. Its services include the design to production of the circuit implementation of an electronic board used for an electronics product, an OA apparatus, optical goods, and communications equipment.

Di Nikko Engineering Co (TSE:6635) Headlines

No Headlines