NEC (NIPNF) Debt-to-Equity : 0.39 (As of Dec. 2023)

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What is NEC Debt-to-Equity?

NEC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,732 Mil. NEC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,909 Mil. NEC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,797 Mil. NEC's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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

NIPNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.63 Max: 0.87
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of NEC was 0.87. The lowest was 0.37. And the median was 0.63.

NIPNF's Debt-to-Equity is ranked worse than
64.7% of 2221 companies
in the Software industry
Industry Median: 0.21 vs NIPNF: 0.39

NEC Debt-to-Equity Historical Data

The historical data trend for NEC'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.

NEC Debt-to-Equity Chart

NEC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.64

0.74

0.54

0.40

0.38

NEC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.38	0.38	0.38	0.39

Competitive Comparison of NEC's Debt-to-Equity

For the Information Technology Services subindustry, NEC'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.

NEC's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, NEC's Debt-to-Equity distribution charts can be found below:

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

NEC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NEC's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1331.118	+	3221.189)	/	12148.472
	=	0.37

NEC'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
	=	(1731.792	+	2909.443)	/	11797.224
	=	0.39

NEC (OTCPK:NIPNF) 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.

NEC Debt-to-Equity Related Terms

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NEC (NIPNF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NEC Corp (OTCPK:NIPNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6701:Japan NEC1:Germany

Address

7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001

Website

https://www.nec.com

NEC Corp is a leading Japanese technology firm. It manufactures PCs, computer platforms, semiconductors, and display panels; builds broadband and mobile communication networks; and provides systems-integration services. The firm's research and development has funded accomplishments such as breakthroughs in quantum computing and PDA speech-translation software.