Nippon Gas Co (TSE:8174) Debt-to-Equity : 0.65 (As of Mar. 2024)

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What is Nippon Gas Co Debt-to-Equity?

Nippon Gas Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円15,944 Mil. Nippon Gas Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円31,247 Mil. Nippon Gas Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円72,724 Mil. Nippon Gas Co's debt to equity for the quarter that ended in Mar. 2024 was 0.65.

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

TSE:8174' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.64 Max: 1.83
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Gas Co was 1.83. The lowest was 0.51. And the median was 0.64.

TSE:8174's Debt-to-Equity is ranked better than
58.06% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs TSE:8174: 0.65

Nippon Gas Co Debt-to-Equity Historical Data

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

Nippon Gas Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.51

0.60

0.64

0.55

0.65

Nippon Gas 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															0.55	0.45	0.47	0.52	0.65

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

For the Utilities - Regulated Gas subindustry, Nippon Gas 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 Gas Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Gas Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Gas 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
	=	(15944	+	31247)	/	72724
	=	0.65

Nippon Gas 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
	=	(15944	+	31247)	/	72724
	=	0.65

Nippon Gas Co (TSE:8174) 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 Gas Co Debt-to-Equity Related Terms

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Nippon Gas Co (TSE:8174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Nippon Gas Co Ltd (TSE:8174) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NG0:Germany

Address

10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540

Website

http://www.nichigas.co.jp

Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.

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