Nagano Keiki Co (TSE:7715) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Nagano Keiki Co Debt-to-Equity?

Nagano Keiki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,324 Mil. Nagano Keiki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円4,741 Mil. Nagano Keiki Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円37,821 Mil. Nagano Keiki Co's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

TSE:7715' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.52 Max: 0.99
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Nagano Keiki Co was 0.99. The lowest was 0.40. And the median was 0.52.

TSE:7715's Debt-to-Equity is ranked worse than
60.06% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs TSE:7715: 0.40

Nagano Keiki Co Debt-to-Equity Historical Data

The historical data trend for Nagano Keiki 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.

Nagano Keiki Co Debt-to-Equity Chart

Nagano Keiki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.48

0.50

0.52

0.44

0.49

Nagano Keiki Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.48	0.49	0.47	0.42	0.40

Competitive Comparison of Nagano Keiki Co's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Nagano Keiki 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.

Nagano Keiki Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nagano Keiki Co's Debt-to-Equity distribution charts can be found below:

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

Nagano Keiki Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nagano Keiki Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(10294.251	+	5474.131)	/	32507.594
	=	0.49

Nagano Keiki 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
	=	(10323.999	+	4740.617)	/	37820.575
	=	0.40

Nagano Keiki Co (TSE:7715) 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.

Nagano Keiki Co Debt-to-Equity Related Terms

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Nagano Keiki Co (TSE:7715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nagano Keiki Co Ltd (TSE:7715) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-30-4 Higashimagome, Ohta-ku, Tokyo, JPN, 143-8544

Website

http://www.naganokeiki.co.jp

Nagano Keiki Co Ltd is engaged in the production and sale of pressure gauges, pressure sensors and measurement control equipment in Japan. Its products portfolio includes pressure gauges, including compound, vacuum, differential, low pressure, absolute, and diaphragm-seal type products; mechanical and electrical types switches, indicators with switches, and plug-in connectors for pressure switches; pressure sensors comprising pressure transmitters, load and level sensors, converters and various types of temperature gauges.

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