NOF (TSE:4403) Debt-to-EBITDA : 0.09 (As of Dec. 2023)

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What is NOF Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

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 annualized EBITDA for the quarter that ended in Dec. 2023 was 円53,936 Mil. NOF's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.09.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for NOF's Debt-to-EBITDA or its related term are showing as below:

TSE:4403' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.09 Med: 0.27 Max: 0.47
Current: 0.11

During the past 13 years, the highest Debt-to-EBITDA Ratio of NOF was 0.47. The lowest was 0.09. And the median was 0.27.

TSE:4403's Debt-to-EBITDA is ranked better than
92.15% of 1210 companies
in the Chemicals industry
Industry Median: 2.365 vs TSE:4403: 0.11

NOF Debt-to-EBITDA Historical Data

The historical data trend for NOF's Debt-to-EBITDA 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.

NOF Debt-to-EBITDA Chart

NOF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-EBITDA

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0.28

0.25

0.13

0.09

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-EBITDA	Get a 7-Day Free Trial															0.11	0.09	0.11	0.09	0.11

Competitive Comparison of NOF's Debt-to-EBITDA

For the Specialty Chemicals subindustry, NOF's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Chemicals Industry

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

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

NOF Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1860	+	3305)	/	55536
	=	0.09

NOF's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(2106	+	2499)	/	53936
	=	0.09

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

NOF (TSE:4403) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

NOF Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of NOF's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

NOF (TSE:4403) Business Description

Industry

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

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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