Nagoya Railroad Co (TSE:9048) Debt-to-Equity : 1.18 (As of Dec. 2023)

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What is Nagoya Railroad Co Debt-to-Equity?

Nagoya Railroad Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円121,122 Mil. Nagoya Railroad Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円382,977 Mil. Nagoya Railroad Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円428,998 Mil. Nagoya Railroad Co's debt to equity for the quarter that ended in Dec. 2023 was 1.18.

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

TSE:9048' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.99 Med: 1.24 Max: 2.22
Current: 1.18

During the past 13 years, the highest Debt-to-Equity Ratio of Nagoya Railroad Co was 2.22. The lowest was 0.99. And the median was 1.24.

TSE:9048's Debt-to-Equity is ranked worse than
73.46% of 471 companies
in the Conglomerates industry
Industry Median: 0.56 vs TSE:9048: 1.18

Nagoya Railroad Co Debt-to-Equity Historical Data

The historical data trend for Nagoya Railroad 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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Nagoya Railroad Co Debt-to-Equity Chart

Nagoya Railroad Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

1.01

1.00

1.25

1.22

1.18

Nagoya Railroad 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															1.17	1.18	1.16	1.14	1.18

Competitive Comparison of Nagoya Railroad Co's Debt-to-Equity

For the Conglomerates subindustry, Nagoya Railroad 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.

Nagoya Railroad Co's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nagoya Railroad Co's Debt-to-Equity distribution charts can be found below:

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

Nagoya Railroad Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nagoya Railroad 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
	=	(94446	+	381627)	/	404431
	=	1.18

Nagoya Railroad 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
	=	(121122	+	382977)	/	428998
	=	1.18

Nagoya Railroad Co (TSE:9048) 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.

Nagoya Railroad Co Debt-to-Equity Related Terms

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Nagoya Railroad Co (TSE:9048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nagoya Railroad Co Ltd (TSE:9048) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

9048:Japan

Address

1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501

Website

http://www.meitetsu.co.jp

Nagoya Railroad Co Ltd is a transportation company domiciled in Japan. The company organizes itself into six segments: traffic, transport, real estate, leisure and services, aviation services and distribution. Traffic, which contributes the most significant portion of revenue, operates railways, buses, and taxis. The transport segment operates trucking and maritime transport operations. The real estate segment develops and leases real estate. Leisure and services operate hotels, restaurants, and other tourist facilities. The distribution segment operates department stores.

Nagoya Railroad Co (TSE:9048) Headlines

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