Nihon Nohyaku Co (TSE:4997) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Nihon Nohyaku Co Debt-to-Equity?

Nihon Nohyaku Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円16,088 Mil. Nihon Nohyaku Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円13,634 Mil. Nihon Nohyaku Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円73,263 Mil. Nihon Nohyaku Co's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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

TSE:4997' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.31 Max: 0.49
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Nihon Nohyaku Co was 0.49. The lowest was 0.08. And the median was 0.31.

TSE:4997's Debt-to-Equity is ranked worse than
55.66% of 221 companies
in the Agriculture industry
Industry Median: 0.34 vs TSE:4997: 0.41

Nihon Nohyaku Co Debt-to-Equity Historical Data

The historical data trend for Nihon Nohyaku 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.

Nihon Nohyaku Co Debt-to-Equity Chart

Nihon Nohyaku Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Mar21

Mar22

Mar23

Debt-to-Equity

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0.30

0.29

0.31

0.28

0.37

Nihon Nohyaku 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															0.33	0.37	0.38	0.32	0.41

Competitive Comparison of Nihon Nohyaku Co's Debt-to-Equity

For the Agricultural Inputs subindustry, Nihon Nohyaku 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.

Nihon Nohyaku Co's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nihon Nohyaku Co's Debt-to-Equity distribution charts can be found below:

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

Nihon Nohyaku Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nihon Nohyaku 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
	=	(10940	+	15482)	/	70914
	=	0.37

Nihon Nohyaku 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
	=	(16088	+	13634)	/	73263
	=	0.41

Nihon Nohyaku Co (TSE:4997) 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.

Nihon Nohyaku Co Debt-to-Equity Related Terms

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Nihon Nohyaku Co (TSE:4997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nihon Nohyaku Co Ltd (TSE:4997) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

19-8, Kyobashi 1-Chome, Chuo-ku, Tokyo, JPN, 104-8386

Website

http://www.nichino.co.jp

Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.

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