Nitori Holdings Co (TSE:9843) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Nitori Holdings Co Debt-to-Equity?

Nitori Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円118,989 Mil. Nitori Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円40,188 Mil. Nitori Holdings Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円880,952 Mil. Nitori Holdings Co's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

TSE:9843' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.18
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Nitori Holdings Co was 0.18. The lowest was 0.00. And the median was 0.03.

TSE:9843's Debt-to-Equity is ranked better than
68.93% of 383 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs TSE:9843: 0.18

Nitori Holdings Co Debt-to-Equity Historical Data

The historical data trend for Nitori 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.

* Premium members only.

Nitori Holdings Co Debt-to-Equity Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Debt-to-Equity

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0.03

0.02

0.03

0.09

0.13

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.18	0.16	0.15	0.18

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

For the Furnishings, Fixtures & Appliances subindustry, Nitori 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.

Nitori Holdings Co's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Debt-to-Equity distribution charts can be found below:

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

Nitori Holdings Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitori Holdings Co's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(36731	+	56003)	/	732812
	=	0.13

Nitori Holdings 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
	=	(118989	+	40188)	/	880952
	=	0.18

Nitori Holdings Co (TSE:9843) 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.

Nitori Holdings Co Debt-to-Equity Related Terms

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

Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

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