Noevir Holdings Co (TSE:4928) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Noevir Holdings Co Debt-to-Equity?

Noevir Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円86 Mil. Noevir Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円785 Mil. Noevir Holdings Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円48,293 Mil. Noevir Holdings Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

TSE:4928' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.03
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Noevir Holdings Co was 0.03. The lowest was 0.00. And the median was 0.03.

TSE:4928's Debt-to-Equity is ranked better than
95.51% of 1647 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs TSE:4928: 0.02

Noevir Holdings Co Debt-to-Equity Historical Data

The historical data trend for Noevir Holdings 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.

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Noevir Holdings Co Debt-to-Equity Chart

Noevir Holdings Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.03

0.02

Noevir Holdings 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															0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Noevir Holdings Co's Debt-to-Equity

For the Household & Personal Products subindustry, Noevir Holdings 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.

Noevir Holdings Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Noevir Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Noevir Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Noevir Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(87	+	827)	/	52790
	=	0.02

Noevir Holdings 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
	=	(86	+	785)	/	48293
	=	0.02

Noevir Holdings Co (TSE:4928) 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.

Noevir Holdings Co Debt-to-Equity Related Terms

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Noevir Holdings Co (TSE:4928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Noevir Holdings Co Ltd (TSE:4928) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-13-1 Minatojimanakamachi, Chuo-ku, Kobe, JPN, 650-8521

Website

http://www.noevirholdings.co.jp

Noevir Holdings Co Ltd is a Japan-based company that is principally engaged in two businesses, cosmetics, and pharmaceuticals and health food. The cosmetics business produces and offers skincare and makeup products under a number brands, like Noevir, NOV, and Sana. The pharmaceuticals and health food business develops, produces and sells a broad range of products, including Nanten Nodo Ame cough drops, functional drinks, and other over-the-counter pharmaceuticals, such as cold remedies and eye drops, and health food products as well. These two businesses jointly contribute the majority of the company's revenue. The company also operates apparel and aircraft sales and leasing. The company has a presence in a number of countries across the world, and focuses on developing Asian markets.

Noevir Holdings Co (TSE:4928) Headlines

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