Nitto Denko (Nitto Denko) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Nitto Denko Debt-to-Equity?

Nitto Denko's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2 Mil. Nitto Denko's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Nitto Denko's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,560 Mil. Nitto Denko's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Nitto Denko's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Nitto Denko was 0.12. The lowest was 0.00. And the median was 0.01.

NDEKY's Debt-to-Equity is not ranked ^*
in the Chemicals industry.
Industry Median: 0.35
* Ranked among companies with meaningful Debt-to-Equity only.

Nitto Denko Debt-to-Equity Historical Data

The historical data trend for Nitto Denko'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.

Nitto Denko Debt-to-Equity Chart

Nitto Denko Annual Data

Trend

Mar14

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Mar23

Debt-to-Equity

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Nitto Denko 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															-	-	-	-	-

Competitive Comparison of Nitto Denko's Debt-to-Equity

For the Specialty Chemicals subindustry, Nitto Denko'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.

Nitto Denko's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Nitto Denko Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nitto Denko'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
	=	(2.035	+	0)	/	6749.828
	=	0.00

Nitto Denko'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
	=	(2.091	+	0)	/	6560.475
	=	0.00

Nitto Denko (OTCPK:NDEKY) 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.

Nitto Denko Debt-to-Equity Related Terms

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Nitto Denko (Nitto Denko) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (OTCPK:NDEKY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NDEKF:USA 6988:Japan ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

Nitto Denko (Nitto Denko) Headlines

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