Notore Chemical Industries (NSA:NOTORE) Debt-to-Equity : 5.35 (As of Dec. 2023)

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What is Notore Chemical Industries Debt-to-Equity?

Notore Chemical Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦65,859 Mil. Notore Chemical Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₦162,978 Mil. Notore Chemical Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₦42,805 Mil. Notore Chemical Industries's debt to equity for the quarter that ended in Dec. 2023 was 5.35.

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 Notore Chemical Industries's Debt-to-Equity or its related term are showing as below:

NSA:NOTORE' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.15 Med: 1.72 Max: 5.35
Current: 5.35

During the past 7 years, the highest Debt-to-Equity Ratio of Notore Chemical Industries was 5.35. The lowest was 1.15. And the median was 1.72.

NSA:NOTORE's Debt-to-Equity is ranked worse than
99.54% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs NSA:NOTORE: 5.35

Notore Chemical Industries Debt-to-Equity Historical Data

The historical data trend for Notore Chemical Industries'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.

Notore Chemical Industries Debt-to-Equity Chart

Notore Chemical Industries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.15

1.72

2.43

1.89

5.35

Notore Chemical Industries Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.89	2.21	5.24	4.02	5.35

Competitive Comparison of Notore Chemical Industries's Debt-to-Equity

For the Agricultural Inputs subindustry, Notore Chemical Industries'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.

Notore Chemical Industries's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Notore Chemical Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Notore Chemical Industries's Debt-to-Equity falls into.

Notore Chemical Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Notore Chemical Industries'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
	=	(65859.481	+	162978.2)	/	42805.013
	=	5.35

Notore Chemical Industries'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
	=	(65859.481	+	162978.2)	/	42805.013
	=	5.35

Notore Chemical Industries (NSA:NOTORE) 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.

Notore Chemical Industries Debt-to-Equity Related Terms

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

Notore Chemical Industries (NSA:NOTORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Notore Chemical Industries PLC (NSA:NOTORE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Notore Industrial Complex, Onne, Rivers State, NGA

Website

https://www.notore.com

Notore Chemical Industries PLC is a Nigerian company that manufactures chemical products. The company manufactures, treats, processes, produces, supplies and deals in nitrogenous fertilizers and all substances suited to improving the fertility of soil and water. It generates maximum revenue from Urea and other chemicals. The company offers products including NPK, Ammonia and Urea, and other chemicals. Geographically, it derives a majority of revenue from Nigeria.

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