Nisshinbo Holdings (TSE:3105) Debt-to-Equity : 0.85 (As of Mar. 2024)

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What is Nisshinbo Holdings Debt-to-Equity?

Nisshinbo Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円137,207 Mil. Nisshinbo Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円86,870 Mil. Nisshinbo Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円265,097 Mil. Nisshinbo Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.85.

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

TSE:3105' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.42 Max: 0.86
Current: 0.85

During the past 13 years, the highest Debt-to-Equity Ratio of Nisshinbo Holdings was 0.86. The lowest was 0.18. And the median was 0.42.

TSE:3105's Debt-to-Equity is ranked worse than
63.69% of 471 companies
in the Conglomerates industry
Industry Median: 0.56 vs TSE:3105: 0.85

Nisshinbo Holdings Debt-to-Equity Historical Data

The historical data trend for Nisshinbo Holdings'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.

Nisshinbo Holdings Debt-to-Equity Chart

Nisshinbo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.69

0.66

0.51

0.56

0.86

Nisshinbo Holdings 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															0.42	0.41	0.50	0.86	0.85

Competitive Comparison of Nisshinbo Holdings's Debt-to-Equity

For the Conglomerates subindustry, Nisshinbo Holdings'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.

Nisshinbo Holdings's Debt-to-Equity Distribution in the Conglomerates Industry

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

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

Nisshinbo Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nisshinbo Holdings's Debt to Equity Ratio for the fiscal year 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
	=	(127287	+	88749)	/	250634
	=	0.86

Nisshinbo Holdings'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
	=	(137207	+	86870)	/	265097
	=	0.85

Nisshinbo Holdings (TSE:3105) 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.

Nisshinbo Holdings Debt-to-Equity Related Terms

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

Nisshinbo Holdings (TSE:3105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nisshinbo Holdings Inc (TSE:3105) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NSHBY:USA

Address

2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650

Website

http://www.nisshinbo.co.jp

Nisshinbo Holdings Inc is a Japan-based company that is primarily engaged in electronics, automobile brake, textile, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business primarily manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts and others.

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