Nippon Avionics Co (TSE:6946) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is Nippon Avionics Co Debt-to-Equity?

Nippon Avionics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,755 Mil. Nippon Avionics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,035 Mil. Nippon Avionics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円13,117 Mil. Nippon Avionics Co's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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

TSE:6946' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.59 Max: 1.27
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Avionics Co was 1.27. The lowest was 0.30. And the median was 0.59.

TSE:6946's Debt-to-Equity is ranked worse than
55.15% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSE:6946: 0.34

Nippon Avionics Co Debt-to-Equity Historical Data

The historical data trend for Nippon Avionics 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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Nippon Avionics Co Debt-to-Equity Chart

Nippon Avionics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.63

0.51

0.36

0.30

Nippon Avionics 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															0.30	0.32	0.38	0.37	-

Competitive Comparison of Nippon Avionics Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Nippon Avionics 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.

Nippon Avionics Co's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Nippon Avionics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Avionics 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
	=	(0	+	0)	/	14305
	=	0.00

Nippon Avionics 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
	=	(2755	+	2035)	/	13117
	=	0.37

Nippon Avionics Co (TSE:6946) 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.

Nippon Avionics Co Debt-to-Equity Related Terms

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Nippon Avionics Co (TSE:6946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Avionics Co Ltd (TSE:6946) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6NA:Germany

Address

Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.avio.co.jp

Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.

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