Nipponnso Holdings (TSE:4091) Debt-to-Equity : 1.19 (As of Dec. 2023)

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What is Nipponnso Holdings Debt-to-Equity?

Nipponnso Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円278,968 Mil. Nipponnso Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円715,471 Mil. Nipponnso Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円838,953 Mil. Nipponnso Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.19.

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 Nipponnso Holdings's Debt-to-Equity or its related term are showing as below:

TSE:4091' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79 Med: 1.15 Max: 2.54
Current: 1.19

During the past 13 years, the highest Debt-to-Equity Ratio of Nipponnso Holdings was 2.54. The lowest was 0.79. And the median was 1.15.

TSE:4091's Debt-to-Equity is ranked worse than
88.69% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4091: 1.19

Nipponnso Holdings Debt-to-Equity Historical Data

The historical data trend for Nipponnso Holdings'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.

Nipponnso Holdings Debt-to-Equity Chart

Nipponnso Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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2.46

2.35

1.78

1.42

1.24

Nipponnso Holdings 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															1.33	1.24	1.14	1.17	1.19

Competitive Comparison of Nipponnso Holdings's Debt-to-Equity

For the Chemicals subindustry, Nipponnso Holdings'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.

Nipponnso Holdings's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Nipponnso Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nipponnso Holdings'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
	=	(140540	+	759480)	/	724314
	=	1.24

Nipponnso Holdings'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
	=	(278968	+	715471)	/	838953
	=	1.19

Nipponnso Holdings (TSE:4091) 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.

Nipponnso Holdings Debt-to-Equity Related Terms

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Nipponnso Holdings (TSE:4091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Sanso Holdings Corp (TSE:4091) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TYNPF:USA NPX:Germany

Address

Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, JPN, 142-8558

Website

https://www.nipponsanso-hd.co.jp

Nippon Sanso Holdings Group is the leading industrial gases manufacturer in Japan. The company's three main business domains are the industrial gases business, the electronics business, and the Thermos business. The company has a global presence with a majority of its revenue coming from the gas business in Japan. The industrial gases operation supplies the steelmaking, chemical, and automotive industries and provides medical products. The industrial gases domain dramatically expanded following the Praxair, Inc. acquisition that added a new business vertical. The electronics business has a supply chain in east Asia and is a hub for major semiconductor manufacturers.

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