Nippon Grande Co (SSE:2976) Debt-to-Equity : 2.02 (As of Dec. 2023)

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What is Nippon Grande Co Debt-to-Equity?

Nippon Grande Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,678 Mil. Nippon Grande Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,259 Mil. Nippon Grande Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,952 Mil. Nippon Grande Co's debt to equity for the quarter that ended in Dec. 2023 was 2.02.

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

SSE:2976' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.02 Med: 2.5 Max: 4.43
Current: 2.02

During the past 7 years, the highest Debt-to-Equity Ratio of Nippon Grande Co was 4.43. The lowest was 2.02. And the median was 2.50.

SSE:2976's Debt-to-Equity is ranked worse than
83.17% of 1586 companies
in the Real Estate industry
Industry Median: 0.755 vs SSE:2976: 2.02

Nippon Grande Co Debt-to-Equity Historical Data

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

Nippon Grande Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.75

2.32

2.24

2.30

2.08

Nippon Grande Co 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															2.77	2.08	2.19	2.23	2.02

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

For the Real Estate Services subindustry, Nippon Grande 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 Grande Co's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nippon Grande Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Grande Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Grande Co'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
	=	(1682.898	+	2424.689)	/	1971.315
	=	2.08

Nippon Grande Co'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
	=	(1678.271	+	2259.046)	/	1952.088
	=	2.02

Nippon Grande Co (SSE:2976) 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 Grande Co Debt-to-Equity Related Terms

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Nippon Grande Co (SSE:2976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nippon Grande Co Ltd (SSE:2976) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-chome, Odori Nishi 1-chome, Chuo-ku, Sapporo City, JPN

Website

https://www.nippon-grande.co.jp

Nippon Grande Co Ltd is a Japanese based company engaged in providing real estate based services. It offers real estate sales, real estate leasing and other services.

Nippon Grande Co (SSE:2976) Headlines

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