Nitto Kogyo (TSE:6651) Debt-to-Equity : 0.17 (As of Mar. 2024)

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What is Nitto Kogyo Debt-to-Equity?

Nitto Kogyo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円2,010 Mil. Nitto Kogyo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円16,546 Mil. Nitto Kogyo's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円108,486 Mil. Nitto Kogyo's debt to equity for the quarter that ended in Mar. 2024 was 0.17.

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 Nitto Kogyo's Debt-to-Equity or its related term are showing as below:

TSE:6651' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.23
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Nitto Kogyo was 0.23. The lowest was 0.00. And the median was 0.03.

TSE:6651's Debt-to-Equity is ranked better than
64.74% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6651: 0.17

Nitto Kogyo Debt-to-Equity Historical Data

The historical data trend for Nitto Kogyo'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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Nitto Kogyo Debt-to-Equity Chart

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.05

0.03

0.07

0.17

Nitto Kogyo Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.11	0.18	0.17	N/A

Competitive Comparison of Nitto Kogyo's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Nitto Kogyo'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.

Nitto Kogyo's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Nitto Kogyo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitto Kogyo's Debt to Equity Ratio for the fiscal year 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
	=	(2010	+	16546)	/	108486
	=	0.17

Nitto Kogyo'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
	=	(2010	+	16546)	/	108486
	=	0.17

Nitto Kogyo (TSE:6651) 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.

Nitto Kogyo Debt-to-Equity Related Terms

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Nitto Kogyo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kogyo Corp (TSE:6651) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189

Website

https://www.nito.co.jp

Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

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