Noritsu Koki Co (TSE:7744) Debt-to-Equity : 0.20 (As of Mar. 2024)

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What is Noritsu Koki Co Debt-to-Equity?

Noritsu Koki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円15,206 Mil. Noritsu Koki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円26,881 Mil. Noritsu Koki Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円209,778 Mil. Noritsu Koki Co's debt to equity for the quarter that ended in Mar. 2024 was 0.20.

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

TSE:7744' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.54 Max: 1.07
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Noritsu Koki Co was 1.07. The lowest was 0.21. And the median was 0.54.

TSE:7744's Debt-to-Equity is ranked better than
59.33% of 2193 companies
in the Hardware industry
Industry Median: 0.28 vs TSE:7744: 0.21

Noritsu Koki Co Debt-to-Equity Historical Data

The historical data trend for Noritsu Koki 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.

Noritsu Koki Co Debt-to-Equity Chart

Noritsu Koki Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Debt-to-Equity

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0.51

0.48

0.58

0.94

0.27

Noritsu Koki 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															0.25	0.22	0.22	0.21	0.20

Competitive Comparison of Noritsu Koki Co's Debt-to-Equity

For the Consumer Electronics subindustry, Noritsu Koki 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.

Noritsu Koki Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Noritsu Koki Co's Debt-to-Equity distribution charts can be found below:

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

Noritsu Koki Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noritsu Koki Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(19660	+	31417)	/	192544
	=	0.27

Noritsu Koki Co's Debt to Equity Ratio for the quarter 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
	=	(15206	+	26881)	/	209778
	=	0.20

Noritsu Koki Co (TSE:7744) 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.

Noritsu Koki Co Debt-to-Equity Related Terms

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Noritsu Koki Co (TSE:7744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Noritsu Koki Co Ltd (TSE:7744) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045

Website

http://www.noritsu.co.jp

Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

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