Nippon Carbon Co (Nippon Carbon Co) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Nippon Carbon Co Debt-to-Equity?

Nippon Carbon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $59.6 Mil. Nippon Carbon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.9 Mil. Nippon Carbon Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $343.5 Mil. Nippon Carbon Co's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

NCRBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.3 Max: 0.6
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Carbon Co was 0.60. The lowest was 0.18. And the median was 0.30.

NCRBF's Debt-to-Equity is ranked better than
67.29% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs NCRBF: 0.18

Nippon Carbon Co Debt-to-Equity Historical Data

The historical data trend for Nippon Carbon 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.

Nippon Carbon Co Debt-to-Equity Chart

Nippon Carbon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.24

0.20

0.18

Nippon Carbon 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															0.20	0.20	0.18	0.19	0.18

Competitive Comparison of Nippon Carbon Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Nippon Carbon 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.

Nippon Carbon Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Nippon Carbon Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Carbon Co's Debt to Equity Ratio for the fiscal year 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
	=	(59.563	+	1.931)	/	343.475
	=	0.18

Nippon Carbon 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
	=	(59.563	+	1.931)	/	343.475
	=	0.18

Nippon Carbon Co (OTCPK:NCRBF) 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.

Nippon Carbon Co Debt-to-Equity Related Terms

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Nippon Carbon Co (Nippon Carbon Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Carbon Co Ltd (OTCPK:NCRBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5302:Japan NPV:Germany

Address

6-1, Hacchobori 2-chome, Chuo ku, Tokyo, JPN, 104-0032

Website

http://www.carbon.co.jp

Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.

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