Nippon Coke & Engineering Co (TSE:3315) Debt-to-Equity : 0.83 (As of Dec. 2023)

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What is Nippon Coke & Engineering Co Debt-to-Equity?

Nippon Coke & Engineering Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円34,461 Mil. Nippon Coke & Engineering Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,291 Mil. Nippon Coke & Engineering Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円55,477 Mil. Nippon Coke & Engineering Co's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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

TSE:3315' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.79 Max: 1.05
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Coke & Engineering Co was 1.05. The lowest was 0.40. And the median was 0.79.

TSE:3315's Debt-to-Equity is ranked worse than
73.1% of 554 companies
in the Steel industry
Industry Median: 0.405 vs TSE:3315: 0.82

Nippon Coke & Engineering Co Debt-to-Equity Historical Data

The historical data trend for Nippon Coke & Engineering 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.

* Premium members only.

Nippon Coke & Engineering Co Debt-to-Equity Chart

Nippon Coke & Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.65

0.45

0.40

0.85

0.82

Nippon Coke & Engineering Co 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															0.85	0.70	0.72	0.83	0.82

Competitive Comparison of Nippon Coke & Engineering Co's Debt-to-Equity

For the Coking Coal subindustry, Nippon Coke & Engineering 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 Coke & Engineering Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nippon Coke & Engineering Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Coke & Engineering Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Coke & Engineering Co's Debt to Equity Ratio for the fiscal year 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
	=	(37437	+	8495)	/	56356
	=	0.82

Nippon Coke & Engineering 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
	=	(34461	+	11291)	/	55477
	=	0.82

Nippon Coke & Engineering Co (TSE:3315) 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 Coke & Engineering Co Debt-to-Equity Related Terms

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Nippon Coke & Engineering Co (TSE:3315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Coke & Engineering Co Ltd (TSE:3315) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NJ2:Germany

Address

3-3-3 Toyosu, Koto-ku, Tokyo, JPN, 135-6007

Website

http://www.n-coke.com

Nippon Coke & Engineering Co., Ltd is engaged in the business of production and supply of coal and coke. The company also focuses on the sale and production of powder and granule-related equipment and machinery. In addition, it is involved in the resource recycling, and logistics businesses; and property rental activity. Business is primarily functioned through Japan and it derives the majority of revenue from coal and coke segment.

Nippon Coke & Engineering Co (TSE:3315) Headlines

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