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Soda Nikka Co (TSE:8158) Debt-to-Equity : 0.20 (As of Dec. 2023)


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What is Soda Nikka Co Debt-to-Equity?

Soda Nikka Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円5,673 Mil. Soda Nikka Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Soda Nikka Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円28,233 Mil. Soda Nikka Co's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

TSE:8158' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11   Med: 0.21   Max: 0.28
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Soda Nikka Co was 0.28. The lowest was 0.11. And the median was 0.21.

TSE:8158's Debt-to-Equity is ranked better than
65.21% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs TSE:8158: 0.20

Soda Nikka Co Debt-to-Equity Historical Data

The historical data trend for Soda Nikka 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.

* Premium members only.

Soda Nikka Co Debt-to-Equity Chart

Soda Nikka Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.22 0.19 0.11 0.18

Soda Nikka 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.18 0.19 0.19 0.20

Competitive Comparison of Soda Nikka Co's Debt-to-Equity

For the Chemicals subindustry, Soda Nikka 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.


Soda Nikka Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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



Soda Nikka Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Soda Nikka Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Soda Nikka Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Soda Nikka Co  (TSE:8158) 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.


Soda Nikka Co Debt-to-Equity Related Terms

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Soda Nikka Co (TSE:8158) Business Description

Traded in Other Exchanges
N/A
Address
3-6-2, Nihonbashi, Tokyo, JPN
Soda Nikka Co Ltd is a Japan-based chemical manufacturer. The company is engaged in production and sale of soda products, inorganic chemicals, organic chemicals, petrochemical products, paper and pulp related chemicals, environmental chemicals and synthetic resin products. Its chemicals are used in industries, petrochemical products, electronic materials, and synthetic resin, as well as processed products, and containers.

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