Niterra Co (TSE:5334) Debt-to-Equity : 0.28 (As of Mar. 2024)

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What is Niterra Co Debt-to-Equity?

Niterra Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円42,367 Mil. Niterra Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円135,742 Mil. Niterra Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was 円637,678 Mil. Niterra Co's debt to equity for the quarter that ended in Mar. 2024 was 0.28.

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

TSE:5334' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.28 Max: 0.42
Current: 0.28

During the past 13 years, the highest Debt-to-Equity Ratio of Niterra Co was 0.42. The lowest was 0.14. And the median was 0.28.

TSE:5334's Debt-to-Equity is ranked better than
66.16% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:5334: 0.28

Niterra Co Debt-to-Equity Historical Data

The historical data trend for Niterra 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.

Niterra Co Debt-to-Equity Chart

Niterra Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.36

0.42

0.30

0.33

0.28

Niterra 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															0.33	0.30	0.29	0.29	0.28

Competitive Comparison of Niterra Co's Debt-to-Equity

For the Auto Parts subindustry, Niterra 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.

Niterra Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Niterra Co's Debt-to-Equity distribution charts can be found below:

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

Niterra Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Niterra Co's Debt to Equity Ratio for the fiscal year 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
	=	(42367	+	135742)	/	637678
	=	0.28

Niterra 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
	=	(42367	+	135742)	/	637678
	=	0.28

Niterra Co (TSE:5334) 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.

Niterra Co Debt-to-Equity Related Terms

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Niterra Co (TSE:5334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niterra Co Ltd (TSE:5334) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NGK:Germany

Address

14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525

Website

http://www.ngkntk.co.jp

Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

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