Nanophase Technologies (Nanophase Technologies) Debt-to-Equity : 11.18 (As of Dec. 2023)

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What is Nanophase Technologies Debt-to-Equity?

Nanophase Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.11 Mil. Nanophase Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15.15 Mil. Nanophase Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.90 Mil. Nanophase Technologies's debt to equity for the quarter that ended in Dec. 2023 was 11.18.

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 Nanophase Technologies's Debt-to-Equity or its related term are showing as below:

NANX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 1.73 Max: 11.18
Current: 3.47

During the past 13 years, the highest Debt-to-Equity Ratio of Nanophase Technologies was 11.18. The lowest was 0.05. And the median was 1.73.

NANX's Debt-to-Equity is ranked worse than
98.64% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs NANX: 3.47

Nanophase Technologies Debt-to-Equity Historical Data

The historical data trend for Nanophase Technologies'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.

Nanophase Technologies Debt-to-Equity Chart

Nanophase Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.28

2.77

1.98

3.21

11.18

Nanophase Technologies 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															3.84	3.96	4.61	11.18	3.47

Competitive Comparison of Nanophase Technologies's Debt-to-Equity

For the Specialty Chemicals subindustry, Nanophase Technologies'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.

Nanophase Technologies's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nanophase Technologies's Debt-to-Equity distribution charts can be found below:

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

Nanophase Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nanophase Technologies's Debt to Equity Ratio for the fiscal year 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
	=	(6.107	+	15.152)	/	1.902
	=	11.18

Nanophase Technologies'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
	=	(6.107	+	15.152)	/	1.902
	=	11.18

Nanophase Technologies (OTCPK:NANX) 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.

Nanophase Technologies Debt-to-Equity Related Terms

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Nanophase Technologies (Nanophase Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nanophase Technologies Corp (OTCPK:NANX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1319 Marquette Drive, Romeoville, IL, USA, 60446

Website

https://www.nanophase.com

Nanophase Technologies Corp is a U.S based company engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy. Its technologies are designed to offer nanomaterial solutions for a specific customer application across various industries. Its products include Aluminum Oxide, Antimony Tin Oxide, Bismuth Oxide, Cerium Oxide, Iron Oxide and Zinc Oxide. The firm categorizes its revenue stream into three main product categories, Personal Care Ingredients, Advanced Materials and Solesence. Substantial revenue is generated from the sale of Solesence finished products.

Executives

Jess Jankowski	officer: Chief Financial Officer
R Janet Whitmore	director
Bradford T Whitmore	10 percent owner	5215 OLD ORCHARD ROAD, SUITE 620, SKOKIE IL 60077
Mark E Miller	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Kevin Cureton	officer: VP, Sales & Marketing & BD	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Strandler, Llc	10 percent owner	401 3RD STREET, #9, RAPID CITY SD 57701
Laura M Beres	director	1319 MARQUETTE DR, ROMEOVILLE IL 60446
Jaime Escobar	officer: Chief Financial Officer	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Frank Cesario	officer: Chief Financial Officer	C/O ISCO INTERNATIONAL INC, 451 KIGSTON COURT, MT PROSPECT IL 60056
James A Henderson	director	301 WASHINGTON ST, COLUMBUS IN 47201
George A Vincent	director	C/O NANOPHASE TECHNOLOGIES, 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Spurgeon Corp	10 percent owner	407 S. THIRD STREET, SUITE 230, GENEVA IL 60134
W Edwin Tyler	director	ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Nancy Baldwin	officer: VP Human Resources & IT	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Patrick G Murray	officer: VP Research & Development	1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446