Naito (TSE:7624) Debt-to-Equity : 0.07 (As of Feb. 2024)

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What is Naito Debt-to-Equity?

Naito's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円876 Mil. Naito's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円0 Mil. Naito's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円12,825 Mil. Naito's debt to equity for the quarter that ended in Feb. 2024 was 0.07.

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

TSE:7624' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 0.22
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Naito was 0.22. The lowest was 0.03. And the median was 0.13.

TSE:7624's Debt-to-Equity is ranked better than
86.67% of 135 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs TSE:7624: 0.07

Naito Debt-to-Equity Historical Data

The historical data trend for Naito'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.

Naito Debt-to-Equity Chart

Naito Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.04

0.06

0.03

0.07

Naito Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.05	0.08	0.10	0.07

Competitive Comparison of Naito's Debt-to-Equity

For the Industrial Distribution subindustry, Naito'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.

Naito's Debt-to-Equity Distribution in the Industrial Distribution Industry

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

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

Naito Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Naito's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(876	+	0)	/	12825
	=	0.07

Naito's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(876	+	0)	/	12825
	=	0.07

Naito (TSE:7624) 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.

Naito Debt-to-Equity Related Terms

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

Naito (TSE:7624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Naito & Co Ltd (TSE:7624) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1, Showa-machi Kita-ku, Tokyo, JPN

Website

http://www.naito.net

Naito & Co., Ltd. engages in the trading of machine tools. The company sales cutting tools, measurement, industrial equipment and machine tools. Its product offerings include drilling tool, threading tool, milling tool, measuring equipment, compressor, safety equipment, chemical supplies, lifting equipment, environment improvement items, transport equipment, work assistance equipment, among others.

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