Nissin (TSE:9066) Debt-to-Equity : 0.40 (As of Dec. 2023)

View and export this data going back to 1950. Start your Free Trial

What is Nissin Debt-to-Equity?

Nissin's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,966 Mil. Nissin's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円25,695 Mil. Nissin's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円87,650 Mil. Nissin's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

TSE:9066' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.51 Max: 0.68
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Nissin was 0.68. The lowest was 0.38. And the median was 0.51.

TSE:9066's Debt-to-Equity is ranked better than
59.8% of 883 companies
in the Transportation industry
Industry Median: 0.56 vs TSE:9066: 0.38

Nissin Debt-to-Equity Historical Data

The historical data trend for Nissin'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.

Nissin Debt-to-Equity Chart

Nissin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

Get a 7-Day Free Trial

0.52

0.58

0.49

0.45

0.38

Nissin 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															0.45	0.44	0.39	0.40	0.38

Competitive Comparison of Nissin's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, Nissin'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.

Nissin's Debt-to-Equity Distribution in the Transportation Industry

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

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

Nissin Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nissin'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
	=	(14067	+	22196)	/	96603
	=	0.38

Nissin's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(8966	+	25695)	/	87650
	=	0.40

Nissin (TSE:9066) 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.

Nissin Debt-to-Equity Related Terms

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

Nissin (TSE:9066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nissin Corp (TSE:9066) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8P1:Germany

Address

84 6-chome, Naka, JPN

Website

http://www.nissin-tw.co.jp

Nissin Corp is engaged in the travel and logistics business. The company operates through three segments namely Logistics, Travel service and Real estate. Its Logistics segment provides international transportation, international logistics, and air cargo transportation. The Travel service segment is involved in the tourism business. Its Real estate segment includes the development of commercial buildings and sites and leasing of real estate.

Nissin (TSE:9066) Headlines

No Headlines