Nippon Signal Co (TSE:6741) Debt-to-Equity : 0.19 (As of Mar. 2024)

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What is Nippon Signal Co Debt-to-Equity?

Nippon Signal Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円18,705 Mil. Nippon Signal Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円5 Mil. Nippon Signal Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円96,820 Mil. Nippon Signal Co's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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

TSE:6741' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.2
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Signal Co was 0.20. The lowest was 0.02. And the median was 0.14.

TSE:6741's Debt-to-Equity is ranked better than
61.73% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6741: 0.19

Nippon Signal Co Debt-to-Equity Historical Data

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

Nippon Signal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.17

0.20

0.14

0.20

0.19

Nippon Signal 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															0.20	0.11	0.15	0.23	0.19

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

For the Electrical Equipment & Parts subindustry, Nippon Signal 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 Signal Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Nippon Signal Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Signal Co'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
	=	(18705	+	5)	/	96820
	=	0.19

Nippon Signal 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
	=	(18705	+	5)	/	96820
	=	0.19

Nippon Signal Co (TSE:6741) 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 Signal Co Debt-to-Equity Related Terms

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Nippon Signal Co (TSE:6741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Signal Co Ltd (TSE:6741) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6513

Website

http://www.signal.co.jp

Nippon Signal Co Ltd is a Japanese technology company. Its products and services fall into the following categories: railway signal systems, traffic information systems, automatic fare collection, or AFR, systems, and parking information systems. The railway signal systems division provides automatic train supervision systems, relay interlocking equipment, level-crossing systems, and LED information boards. The traffic information systems division offers universal traffic management systems, local controllers, and LED traffic signal lights. The AFR system division offers comprehensive network systems to automate station operations. The parking information systems division offers car parking systems and bicycle lock systems.

Nippon Signal Co (TSE:6741) Headlines

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