Nippon Kayaku Co (TSE:4272) Debt-to-Equity : 0.13 (As of Dec. 2023)

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What is Nippon Kayaku Co Debt-to-Equity?

Nippon Kayaku Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円20,666 Mil. Nippon Kayaku Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円13,500 Mil. Nippon Kayaku Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円258,930 Mil. Nippon Kayaku Co's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

TSE:4272' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.15
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Kayaku Co was 0.15. The lowest was 0.05. And the median was 0.08.

TSE:4272's Debt-to-Equity is ranked better than
73.23% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4272: 0.13

Nippon Kayaku Co Debt-to-Equity Historical Data

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

Nippon Kayaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.07

0.11

0.09

0.07

0.08

Nippon Kayaku 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															0.08	0.08	0.11	0.10	0.13

Competitive Comparison of Nippon Kayaku Co's Debt-to-Equity

For the Chemicals subindustry, Nippon Kayaku 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 Kayaku Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Nippon Kayaku Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Kayaku 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
	=	(3380	+	16200)	/	254016
	=	0.08

Nippon Kayaku 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
	=	(20666	+	13500)	/	258930
	=	0.13

Nippon Kayaku Co (TSE:4272) 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 Kayaku Co Debt-to-Equity Related Terms

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Nippon Kayaku Co (TSE:4272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Kayaku Co Ltd (TSE:4272) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NP7:Germany

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005

Website

http://www.nipponkayaku.co.jp

Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.

Nippon Kayaku Co (TSE:4272) Headlines

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