Johnson Matthey (Johnson Matthey) Debt-to-Equity : 0.63 (As of Sep. 2023)

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What is Johnson Matthey Debt-to-Equity?

Johnson Matthey's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $137 Mil. Johnson Matthey's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,769 Mil. Johnson Matthey's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $3,011 Mil. Johnson Matthey's debt to equity for the quarter that ended in Sep. 2023 was 0.63.

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 Johnson Matthey's Debt-to-Equity or its related term are showing as below:

JMPLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.54 Max: 0.66
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Johnson Matthey was 0.66. The lowest was 0.44. And the median was 0.54.

JMPLF's Debt-to-Equity is ranked worse than
69.43% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs JMPLF: 0.63

Johnson Matthey Debt-to-Equity Historical Data

The historical data trend for Johnson Matthey'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.

Johnson Matthey Debt-to-Equity Chart

Johnson Matthey Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.50

0.51

0.66

Johnson Matthey Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.55	0.51	0.55	0.66	0.63

Competitive Comparison of Johnson Matthey's Debt-to-Equity

For the Specialty Chemicals subindustry, Johnson Matthey'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.

Johnson Matthey's Debt-to-Equity Distribution in the Chemicals Industry

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

* The bar in red indicates where Johnson Matthey's Debt-to-Equity falls into.

Johnson Matthey Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Johnson Matthey'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
	=	(214.806	+	1803.398)	/	3081.311
	=	0.65

Johnson Matthey's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(137.376	+	1768.564)	/	3011.139
	=	0.63

Johnson Matthey (OTCPK:JMPLF) 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.

Johnson Matthey Debt-to-Equity Related Terms

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Johnson Matthey (Johnson Matthey) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Johnson Matthey PLC (OTCPK:JMPLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JMPLY:USA JMATl:UK JMAT:UK JMT2:Germany

Address

25 Farringdon Street, 5th Floor, London, GBR, EC4A 4AB

Website

https://www.matthey.com

Based in the U.K., Johnson Matthey is a global leader in production of emissions catalysts for automobiles and trucks. The company also manufactures industrial catalysts for the chemicals and oil and gas sectors, and a variety of other industrial products derived from platinum-group metals. The company is seeking to be a leader in hydrogen technologies.