NHK Spring Co (TSE:5991) Debt-to-Equity : 0.15 (As of Dec. 2023)

View and export this data going back to 1954. Start your Free Trial

What is NHK Spring Co Debt-to-Equity?

NHK Spring Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円17,738 Mil. NHK Spring Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円37,660 Mil. NHK Spring Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円381,919 Mil. NHK Spring Co's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

TSE:5991' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.19 Max: 0.37
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of NHK Spring Co was 0.37. The lowest was 0.11. And the median was 0.19.

TSE:5991's Debt-to-Equity is ranked better than
77.91% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:5991: 0.15

NHK Spring Co Debt-to-Equity Historical Data

The historical data trend for NHK Spring 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.

NHK Spring Co Debt-to-Equity Chart

NHK Spring Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.25

0.21

0.26

0.16

0.15

NHK Spring 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															0.12	0.15	0.14	0.14	0.15

Competitive Comparison of NHK Spring Co's Debt-to-Equity

For the Auto Parts subindustry, NHK Spring 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.

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

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

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

NHK Spring Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NHK Spring 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
	=	(22440	+	28849)	/	349221
	=	0.15

NHK Spring 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
	=	(17738	+	37660)	/	381919
	=	0.15

NHK Spring Co (TSE:5991) 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.

NHK Spring Co Debt-to-Equity Related Terms

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

NHK Spring Co (TSE:5991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (TSE:5991) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NHK:Germany

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

NHK Spring Co (TSE:5991) Headlines

No Headlines