Nippon Pillar Packing Co (TSE:6490) Debt-to-Equity : 0.19 (As of Dec. 2023)

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What is Nippon Pillar Packing Co Debt-to-Equity?

Nippon Pillar Packing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,150 Mil. Nippon Pillar Packing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円11,050 Mil. Nippon Pillar Packing Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円65,564 Mil. Nippon Pillar Packing Co's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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

TSE:6490' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.19
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Pillar Packing Co was 0.19. The lowest was 0.01. And the median was 0.03.

TSE:6490's Debt-to-Equity is ranked better than
61.58% of 2626 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6490: 0.19

Nippon Pillar Packing Co Debt-to-Equity Historical Data

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

Nippon Pillar Packing Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.02

0.01

0.02

Nippon Pillar Packing 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															0.01	0.02	0.09	0.04	0.19

Competitive Comparison of Nippon Pillar Packing Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Nippon Pillar Packing 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 Pillar Packing Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nippon Pillar Packing Co's Debt-to-Equity distribution charts can be found below:

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

Nippon Pillar Packing Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Pillar Packing 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
	=	(1250	+	100)	/	59367
	=	0.02

Nippon Pillar Packing 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
	=	(1150	+	11050)	/	65564
	=	0.19

Nippon Pillar Packing Co (TSE:6490) 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 Pillar Packing Co Debt-to-Equity Related Terms

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Nippon Pillar Packing Co (TSE:6490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Pillar Packing Co Ltd (TSE:6490) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-1, Shinmachi 1-chome, Nishi-ku, Osaka, JPN, 550-0013

Website

https://www.pillar.co.jp

Nippon Pillar Packing Co Ltd is a Japan-based company engaged in the manufacturing and sale of fluid control related equipment products. The firm develops seal and material technologies that stop leakage of various industrial machines. Its product offerings include mechanical seal, gland packing, gasket, fluorine resin fluid control product, pillaflon and civil engineering related products. Nippon serves to power, petrochemical, oil and gas, automobile, semiconductor, communication and civil construction industries.

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