NANSO Transport Co (TSE:9034) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is NANSO Transport Co Debt-to-Equity?

NANSO Transport Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,795 Mil. NANSO Transport Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円7,093 Mil. NANSO Transport Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円21,397 Mil. NANSO Transport Co's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

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

TSE:9034' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.48 Max: 0.65
Current: 0.46

During the past 13 years, the highest Debt-to-Equity Ratio of NANSO Transport Co was 0.65. The lowest was 0.37. And the median was 0.48.

TSE:9034's Debt-to-Equity is ranked better than
56.53% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs TSE:9034: 0.46

NANSO Transport Co Debt-to-Equity Historical Data

The historical data trend for NANSO Transport 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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NANSO Transport Co Debt-to-Equity Chart

NANSO Transport Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.40

0.38

0.46

0.50

0.51

NANSO Transport 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															0.52	0.51	0.50	0.48	0.46

Competitive Comparison of NANSO Transport Co's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, NANSO Transport 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.

NANSO Transport Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, NANSO Transport Co's Debt-to-Equity distribution charts can be found below:

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

NANSO Transport Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NANSO Transport 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
	=	(2599.843	+	7850.836)	/	20422.088
	=	0.51

NANSO Transport 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
	=	(2795.131	+	7093.327)	/	21397.023
	=	0.46

NANSO Transport Co (TSE:9034) 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.

NANSO Transport Co Debt-to-Equity Related Terms

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NANSO Transport Co (TSE:9034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NANSO Transport Co Ltd (TSE:9034) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

582 Togane, Chiba, JPN, 283-0802

Website

http://www.nanso.co.jp

NANSO Transport Co., Ltd is engaged in integrated shipping and logistics. The business of the company includes general freight car transportation business, special consolidated freight forwarding business, warehouse industry, insurance agency business and agency business based on automobile damages insurance, general worker dispatching business, and general charter passenger car transportation industry.

NANSO Transport Co (TSE:9034) Headlines

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