Sumitomo Chemical Co (TSE:4005) Debt-to-Equity : 1.43 (As of Dec. 2023)

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What is Sumitomo Chemical Co Debt-to-Equity?

Sumitomo Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円669,060 Mil. Sumitomo Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円996,769 Mil. Sumitomo Chemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,162,268 Mil. Sumitomo Chemical Co's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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

TSE:4005' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.23 Max: 1.77
Current: 1.43

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Chemical Co was 1.77. The lowest was 0.84. And the median was 1.23.

TSE:4005's Debt-to-Equity is ranked worse than
92.05% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4005: 1.43

Sumitomo Chemical Co Debt-to-Equity Historical Data

The historical data trend for Sumitomo Chemical 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.

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Sumitomo Chemical Co Debt-to-Equity Chart

Sumitomo Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.84

1.41

1.33

1.11

1.25

Sumitomo Chemical 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															1.11	1.25	1.33	1.34	1.43

Competitive Comparison of Sumitomo Chemical Co's Debt-to-Equity

For the Chemicals subindustry, Sumitomo Chemical 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.

Sumitomo Chemical Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Sumitomo Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Chemical Co'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
	=	(396903	+	1064463)	/	1171192
	=	1.25

Sumitomo Chemical 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
	=	(669060	+	996769)	/	1162268
	=	1.43

Sumitomo Chemical Co (TSE:4005) 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.

Sumitomo Chemical Co Debt-to-Equity Related Terms

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Sumitomo Chemical Co (TSE:4005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Chemical Co Ltd (TSE:4005) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

SOMMY:USA SOMMF:USA SMM:Germany

Address

27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, JPN, 104-8260

Website

http://www.sumitomo-chem.co.jp

Sumitomo Chemical Co Ltd manufactures and sells chemicals and chemical-based products. The firm is organized into six segments by product type. The petrochemicals and plastics segment, which generates more revenue than any other segment, sells multiple products including propylene and polypropylene used in automobile seat cushions and interior panels. The pharmaceutical segment sells medicine to treat diabetes, neurology, cancer, and infectious diseases. The IT-related chemicals segment sells compound semiconductors and polarizing films used in LCD displays for TVs and smartphones. The other three segments are health and crop sciences; energy and functional materials; and "others." The majority of revenue comes from Japan and China.

Sumitomo Chemical Co (TSE:4005) Headlines

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