Nankai Chemical Co (TSE:4040) Debt-to-Asset : 0.25 (As of Dec. 2023)

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What is Nankai Chemical Co Debt-to-Asset?

Nankai Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,148 Mil. Nankai Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,719 Mil. Nankai Chemical Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円19,503 Mil. Nankai Chemical Co's debt to asset for the quarter that ended in Dec. 2023 was 0.25.

Nankai Chemical Co Debt-to-Asset Historical Data

The historical data trend for Nankai Chemical Co's Debt-to-Asset 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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Nankai Chemical Co Debt-to-Asset Chart

Nankai Chemical Co Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Asset

0.51

0.44

0.33

Nankai Chemical Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.37	0.33	0.29	0.25	0.25

Competitive Comparison of Nankai Chemical Co's Debt-to-Asset

For the Chemicals subindustry, Nankai Chemical Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Nankai Chemical Co's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nankai Chemical Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Nankai Chemical Co's Debt-to-Asset falls into.

Nankai Chemical Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nankai Chemical Co's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2693	+	3378)	/	18346
	=	0.33

Nankai Chemical Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2148	+	2719)	/	19503
	=	0.25

Nankai Chemical Co (TSE:4040) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nankai Chemical Co Debt-to-Asset Related Terms

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Nankai Chemical Co (TSE:4040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nankai Chemical Co Ltd (TSE:4040) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-19 Minamihorie, Yotsubashi Star Building, Nishi-ku, Osaka, JPN, 550-0015

Website

https://www.nankai-chem.co.jp

Nankai Chemical Co Ltd is engaged in the manufacturing and sales of chemical products, agricultural products, quasi-drugs and food additives. collecting, transporting, and recycling of industrial wastes.

Nankai Chemical Co (TSE:4040) Headlines

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