Ecology and Combustion (NGO:6225) Debt-to-Equity : 0.07 (As of Jan. 2024)

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What is Ecology and Combustion Debt-to-Equity?

Ecology and Combustion's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円43 Mil. Ecology and Combustion's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was 円171 Mil. Ecology and Combustion's Total Stockholders Equity for the quarter that ended in Jan. 2024 was 円2,912 Mil. Ecology and Combustion's debt to equity for the quarter that ended in Jan. 2024 was 0.07.

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 Ecology and Combustion's Debt-to-Equity or its related term are showing as below:

NGO:6225' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.11
Current: 0.07

During the past 2 years, the highest Debt-to-Equity Ratio of Ecology and Combustion was 0.11. The lowest was 0.07. And the median was 0.09.

NGO:6225's Debt-to-Equity is ranked better than
79.65% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs NGO:6225: 0.07

Ecology and Combustion Debt-to-Equity Historical Data

The historical data trend for Ecology and Combustion'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.

Ecology and Combustion Debt-to-Equity Chart

Ecology and Combustion Annual Data

Trend

Jul22

Jul23

Debt-to-Equity

0.11

0.08

Ecology and Combustion Quarterly Data
	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial			0.09	0.09	0.08	0.08	0.07

Competitive Comparison of Ecology and Combustion's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Ecology and Combustion'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.

Ecology and Combustion's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ecology and Combustion's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ecology and Combustion's Debt-to-Equity falls into.

Ecology and Combustion Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecology and Combustion's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(42.864	+	192.84)	/	2902.353
	=	0.08

Ecology and Combustion's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(42.864	+	171.408)	/	2911.55
	=	0.07

Ecology and Combustion (NGO:6225) 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.

Ecology and Combustion Debt-to-Equity Related Terms

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Ecology and Combustion (NGO:6225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ecology and Combustion Inc (NGO:6225) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-5-6 Shinmiyakoda (Hamamatsu Technopolis), Kita-Ku, Hamamatsu, JPN, 4312103

Website

https://www.ecom-jp.co.jp

Ecology and Combustion Inc is engaged in the development, design, manufacture and maintenance of heating equipment. It develops, design, manufacture, and maintain deodorizing equipment, aluminum melting/holding furnaces, drying furnaces, heat treatment furnaces, and burners.

Ecology and Combustion (NGO:6225) Headlines

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