Nichias (TSE:5393) Equity-to-Asset : 0.69 (As of Mar. 2024)

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What is Nichias Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nichias's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円199,680 Mil. Nichias's Total Assets for the quarter that ended in Mar. 2024 was 円290,788 Mil. Therefore, Nichias's Equity to Asset Ratio for the quarter that ended in Mar. 2024 was 0.69.

The historical rank and industry rank for Nichias's Equity-to-Asset or its related term are showing as below:

TSE:5393' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.5 Med: 0.59 Max: 0.69
Current: 0.69

During the past 13 years, the highest Equity to Asset Ratio of Nichias was 0.69. The lowest was 0.50. And the median was 0.59.

TSE:5393's Equity-to-Asset is ranked better than
77.61% of 536 companies
in the Conglomerates industry
Industry Median: 0.44 vs TSE:5393: 0.69

Nichias Equity-to-Asset Historical Data

The historical data trend for Nichias's Equity-to-Asset 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.

Nichias Equity-to-Asset Chart

Nichias Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Equity-to-Asset

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0.61

0.62

0.63

0.65

0.69

Nichias Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Equity-to-Asset	Get a 7-Day Free Trial															0.65	0.66	0.67	0.68	0.69

Competitive Comparison of Nichias's Equity-to-Asset

For the Conglomerates subindustry, Nichias's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Nichias's Equity-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nichias's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nichias's Equity-to-Asset falls into.

Nichias Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Nichias's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	199680	/	290788
	=	0.69

Nichias's Equity to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Equity to Asset (Q: Mar. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	199680	/	290788
	=	0.69

Nichias (TSE:5393) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Nichias Equity-to-Asset Related Terms

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

Nichias (TSE:5393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nichias Corp (TSE:5393) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

NICFF:USA

Address

6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555

Website

http://www.nichias.co.jp

Nichias Corp is engaged in five businesses, each contributing between roughly 10% and 30% of the company's total revenue. Energy and Industrial Plants, the largest business by sales, provides engineering services and products to energy plant customers that have construction and maintenance needs. Industrial Products provides a wide range of products to the infrastructure industry. Autoparts provides heat-proofing and sound-proofing products to automobile and automobile parts manufacturers. Building Materials supplies and installs fireproof building materials for residences and buildings. Advanced Products, the smallest business, provides components and materials for semiconductors to electronics-related industries. Nearly all the company's sales are in Asia, with more than 80% from Japan.

Nichias (TSE:5393) Headlines

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