Nippon Tungsten Co (TSE:6998) Debt-to-Equity : 0.20 (As of Sep. 2024)

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What is Nippon Tungsten Co Debt-to-Equity?

Nippon Tungsten Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円2,450 Mil. Nippon Tungsten Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円42 Mil. Nippon Tungsten Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円12,306 Mil. Nippon Tungsten Co's debt to equity for the quarter that ended in Sep. 2024 was 0.20.

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

TSE:6998' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.27 Max: 0.61
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Tungsten Co was 0.61. The lowest was 0.20. And the median was 0.27.

TSE:6998's Debt-to-Equity is ranked better than
60.72% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6998: 0.20

Nippon Tungsten Co Debt-to-Equity Historical Data

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

Nippon Tungsten Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.29

0.25

0.23

0.22

0.21

Nippon Tungsten Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.22	0.21	0.21	0.20

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

For the Metal Fabrication subindustry, Nippon Tungsten 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 Tungsten Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Nippon Tungsten Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Tungsten 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
	=	(2451	+	52)	/	12112
	=	0.21

Nippon Tungsten Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2450	+	42)	/	12306
	=	0.20

Nippon Tungsten Co (TSE:6998) 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 Tungsten Co Debt-to-Equity Related Terms

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Nippon Tungsten Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Tungsten Co Ltd (TSE:6998) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-8, Minoshima 1-chome, Hakata-ku, Fukuoka, JPN, 812-8538

Website

http://www.nittan.co.jp

Nippon Tungsten Co Ltd refines, fabricates, and sells tungsten, molybdenum, and other metals. Its products include tungsten/molybdenum products, such as tungsten wires and tungsten rods, tungsten and tungsten rods. Its other products include fine ceramic and other ceramic products. It is engaged in the manufacture and sale of industrial machinery, and the management of real estate properties.

Nippon Tungsten Co Headlines

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