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Nitto Kohki Co (TSE:6151) Equity-to-Asset : 0.88 (As of Dec. 2023)


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What is Nitto Kohki Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nitto Kohki Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円59,066 Mil. Nitto Kohki Co's Total Assets for the quarter that ended in Dec. 2023 was 円67,170 Mil. Therefore, Nitto Kohki Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.88.

The historical rank and industry rank for Nitto Kohki Co's Equity-to-Asset or its related term are showing as below:

TSE:6151' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.85   Med: 0.87   Max: 0.89
Current: 0.88

During the past 13 years, the highest Equity to Asset Ratio of Nitto Kohki Co was 0.89. The lowest was 0.85. And the median was 0.87.

TSE:6151's Equity-to-Asset is ranked better than
94.39% of 3031 companies
in the Industrial Products industry
Industry Median: 0.56 vs TSE:6151: 0.88

Nitto Kohki Co Equity-to-Asset Historical Data

The historical data trend for Nitto Kohki Co's Equity-to-Asset 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.

Nitto Kohki Co Equity-to-Asset Chart

Nitto Kohki Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 0.88 0.88 0.87 0.87

Nitto Kohki Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.87 0.88 0.87 0.88

Competitive Comparison of Nitto Kohki Co's Equity-to-Asset

For the Specialty Industrial Machinery subindustry, Nitto Kohki Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Nitto Kohki Co's Equity-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitto Kohki Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nitto Kohki Co's Equity-to-Asset falls into.



Nitto Kohki Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Nitto Kohki Co's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )=Total Stockholders Equity/Total Assets
=57961/66835
=0.87

Nitto Kohki Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )=Total Stockholders Equity/Total Assets
=59066/67170
=0.88

* 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.


Nitto Kohki Co  (TSE:6151) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Nitto Kohki Co Equity-to-Asset Related Terms

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Nitto Kohki Co (TSE:6151) Business Description

Traded in Other Exchanges
N/A
Address
9-4, Nakaikegami 2-Chome, Ohta-ku, Tokyo, JPN, 146-8555
Nitto Kohki Co Ltd is a Japan-based company that operates in four segments. The couplings segment develops, manufactures, and sells quick-connecting fluid couplings under the Cupla brand. The machine tools segment manufactures machine tools for various functions including drilling, cutting, sanding, chamfering, and so on. The linear pumps segment manufactures and sells pump products that are incorporated into equipment in the housing, medical healthcare, hair, and various other fields. The door closers segment offers various door-closer products utilized in different kinds of doors. The company generates the majority of its sales from the Japanese domestic market, and the rest from overseas markets.

Nitto Kohki Co (TSE:6151) Headlines

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