NEXTAGE Co (TSE:3186) Debt-to-Equity : 1.57 (As of Feb. 2024)

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What is NEXTAGE Co Debt-to-Equity?

NEXTAGE Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円38,345 Mil. NEXTAGE Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was 円64,386 Mil. NEXTAGE Co's Total Stockholders Equity for the quarter that ended in Feb. 2024 was 円65,544 Mil. NEXTAGE Co's debt to equity for the quarter that ended in Feb. 2024 was 1.57.

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

TSE:3186' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.63 Max: 2.68
Current: 1.57

During the past 12 years, the highest Debt-to-Equity Ratio of NEXTAGE Co was 2.68. The lowest was 0.92. And the median was 1.63.

TSE:3186's Debt-to-Equity is ranked worse than
86.7% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:3186: 1.57

NEXTAGE Co Debt-to-Equity Historical Data

The historical data trend for NEXTAGE 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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NEXTAGE Co Debt-to-Equity Chart

NEXTAGE Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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1.59

1.75

1.24

1.36

1.16

NEXTAGE Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															1.17	1.13	1.03	1.16	1.57

Competitive Comparison of NEXTAGE Co's Debt-to-Equity

For the Auto & Truck Dealerships subindustry, NEXTAGE 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.

NEXTAGE Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NEXTAGE Co's Debt-to-Equity distribution charts can be found below:

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

NEXTAGE Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NEXTAGE Co's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(30143	+	47277)	/	66505
	=	1.16

NEXTAGE Co's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(38345	+	64386)	/	65544
	=	1.57

NEXTAGE Co (TSE:3186) 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.

NEXTAGE Co Debt-to-Equity Related Terms

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NEXTAGE Co (TSE:3186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3186:Japan

Address

1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004

Website

http://www.nextage.jp

NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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