NOF (TSE:4403) Debt-to-Asset : 0.01 (As of Dec. 2023)

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What is NOF Debt-to-Asset?

NOF's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,106 Mil. NOF's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,499 Mil. NOF's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円327,517 Mil. NOF's debt to asset for the quarter that ended in Dec. 2023 was 0.01.

NOF Debt-to-Asset Historical Data

The historical data trend for NOF'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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NOF Debt-to-Asset Chart

NOF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.04

0.02

NOF Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.02

Competitive Comparison of NOF's Debt-to-Asset

For the Specialty Chemicals subindustry, NOF'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.

NOF's Debt-to-Asset Distribution in the Chemicals Industry

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

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

NOF Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NOF's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1860	+	3305)	/	341449
	=	0.02

NOF'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
	=	(2106	+	2499)	/	327517
	=	0.01

NOF (TSE:4403) 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.

NOF Debt-to-Asset Related Terms

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NOF (TSE:4403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NOF Corp (TSE:4403) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-20-3 Ebisu Shibuya-ku, Yebisu Garden Place Tower, Tokyo, JPN, 150-6019

Website

http://www.nof.co.jp

NOF Corp is a Japan-based specialty chemical manufacturer. It is engaged in producing a diversified range of products derived from plant and animal fats. The company's current businesses include oleo and specialty chemicals, functional chemicals and polymers, explosives and propulsion systems, functional foods, life science products, DDS development, display materials, anti-corrosion, logistics and real estate. It operates in four segments such as Functional Chemicals, Life Science, Explosive & Propulsion and Others. Most of its revenues are generated from its Functional Chemicals segment, which is engaged in the sale of fatty acids, surfactants, ethylene oxide, functional films, electronic materials and materials for anti-corrosion.

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