Nippon Sharyo (TSE:7102) Debt-to-Equity : 0.71 (As of Dec. 2023)

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What is Nippon Sharyo Debt-to-Equity?

Nippon Sharyo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,209 Mil. Nippon Sharyo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円37,304 Mil. Nippon Sharyo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円57,082 Mil. Nippon Sharyo's debt to equity for the quarter that ended in Dec. 2023 was 0.71.

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

TSE:7102' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 1.05 Max: 2.75
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Sharyo was 2.75. The lowest was 0.33. And the median was 1.05.

TSE:7102's Debt-to-Equity is ranked worse than
54.76% of 882 companies
in the Transportation industry
Industry Median: 0.555 vs TSE:7102: 0.63

Nippon Sharyo Debt-to-Equity Historical Data

The historical data trend for Nippon Sharyo'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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Nippon Sharyo Debt-to-Equity Chart

Nippon Sharyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.70

1.25

1.12

0.84

0.63

Nippon Sharyo 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															0.84	0.76	0.75	0.71	0.63

Competitive Comparison of Nippon Sharyo's Debt-to-Equity

For the Railroads subindustry, Nippon Sharyo'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 Sharyo's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nippon Sharyo's Debt-to-Equity distribution charts can be found below:

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

Nippon Sharyo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Sharyo'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
	=	(3210	+	35667)	/	62226
	=	0.62

Nippon Sharyo'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
	=	(3209	+	37304)	/	57082
	=	0.71

Nippon Sharyo (TSE:7102) 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 Sharyo Debt-to-Equity Related Terms

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

Nippon Sharyo (TSE:7102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Sharyo Ltd (TSE:7102) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7102:Japan

Address

1-1,Sanbonmatsu-cho, Atsuta-ku, Nagoya, JPN, 456-8691

Website

http://www.n-sharyo.co.jp

Nippon Sharyo Ltd is a Japan-based company engaged in the manufacture of railway rolling stock. The company operates through three segments. Its Railway rolling stock segment consists of manufacture and sales of rolling stock. The Transportation equipment and steel structure segment include production and trade of transportation equipment such as freight cars, tank trucks, heavy-duty industrial vehicles, and roadway and railway bridges. Its Construction equipment segment comprises of pile driving rigs, crawler cranes, casing rotators, portable diesel generator sets and emergency generators.

Nippon Sharyo (TSE:7102) Headlines

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