Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Debt-to-Equity : 0.78 (As of Dec. 2023)

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What is Mitsui Mining and Smelting Co Debt-to-Equity?

Mitsui Mining and Smelting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $605 Mil. Mitsui Mining and Smelting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $819 Mil. Mitsui Mining and Smelting Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,825 Mil. Mitsui Mining and Smelting Co's debt to equity for the quarter that ended in Dec. 2023 was 0.78.

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 Mitsui Mining and Smelting Co's Debt-to-Equity or its related term are showing as below:

MMSMY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.78 Med: 1.23 Max: 1.61
Current: 0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsui Mining and Smelting Co was 1.61. The lowest was 0.78. And the median was 1.23.

MMSMY's Debt-to-Equity is ranked worse than
59.53% of 472 companies
in the Conglomerates industry
Industry Median: 0.555 vs MMSMY: 0.78

Mitsui Mining and Smelting Co Debt-to-Equity Historical Data

The historical data trend for Mitsui Mining and Smelting 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.

Mitsui Mining and Smelting Co Debt-to-Equity Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.28

1.43

1.26

0.95

0.87

Mitsui Mining and Smelting 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															0.90	0.87	0.86	0.79	0.78

Competitive Comparison of Mitsui Mining and Smelting Co's Debt-to-Equity

For the Conglomerates subindustry, Mitsui Mining and Smelting 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.

Mitsui Mining and Smelting Co's Debt-to-Equity Distribution in the Conglomerates Industry

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

* The bar in red indicates where Mitsui Mining and Smelting Co's Debt-to-Equity falls into.

Mitsui Mining and Smelting Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsui Mining and Smelting 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
	=	(702.117	+	954.735)	/	1895.562
	=	0.87

Mitsui Mining and Smelting 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
	=	(605.404	+	819.425)	/	1825.36
	=	0.78

Mitsui Mining and Smelting Co (OTCPK:MMSMY) 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.

Mitsui Mining and Smelting Co Debt-to-Equity Related Terms

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Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (OTCPK:MMSMY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5706:Japan MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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