Nippon Chemical Industrial Co (TSE:4092) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Nippon Chemical Industrial Co Debt-to-Equity?

Nippon Chemical Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円10,607 Mil. Nippon Chemical Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,562 Mil. Nippon Chemical Industrial Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円43,412 Mil. Nippon Chemical Industrial 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 Nippon Chemical Industrial Co's Debt-to-Equity or its related term are showing as below:

TSE:4092' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.41 Max: 0.72
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Chemical Industrial Co was 0.72. The lowest was 0.33. And the median was 0.41.

TSE:4092's Debt-to-Equity is ranked worse than
53.95% of 1392 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4092: 0.40

Nippon Chemical Industrial Co Debt-to-Equity Historical Data

The historical data trend for Nippon Chemical Industrial 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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Nippon Chemical Industrial Co Debt-to-Equity Chart

Nippon Chemical Industrial Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.41

0.45

0.40

0.38

0.40

Nippon Chemical Industrial 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															0.38	0.40	0.41	0.41	0.40

Competitive Comparison of Nippon Chemical Industrial Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Nippon Chemical Industrial 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.

Nippon Chemical Industrial Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Chemical Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nippon Chemical Industrial Co's Debt-to-Equity falls into.

Nippon Chemical Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Chemical Industrial 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
	=	(7487	+	9289)	/	42240
	=	0.40

Nippon Chemical Industrial 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
	=	(10607	+	6562)	/	43412
	=	0.40

Nippon Chemical Industrial Co (TSE:4092) 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.

Nippon Chemical Industrial Co Debt-to-Equity Related Terms

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Nippon Chemical Industrial Co (TSE:4092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Chemical Industrial Co Ltd (TSE:4092) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11-1 Kameido, Koto-ku, Tokyo, JPN, 136-8515

Website

http://www.nippon-chem.co.jp

Nippon Chemical Industrial Co., Ltd. is a Japanese based company. The company is engaged in manufacturing and sale of chemical products. It offers a range of products under inorganic and specialty chemicals division. Its inorganic chemical products include chromium, silicates, phosphorus, and barium. It also offers specialty chemicals, such as electronic ceramic materials, barium compounds, circuit materials, battery materials, organic phosphorus compounds, pharmaceutical and agrochemical intermediates, semiconductor materials, and flame retardants, as well as other specialty products comprising thiourea and high purity thiourea.

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