Nankai Chemical Co (TSE:4040) Debt-to-Equity : 0.67 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Nankai Chemical Co Debt-to-Equity?

Nankai Chemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,148 Mil. Nankai Chemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円2,719 Mil. Nankai Chemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円7,265 Mil. Nankai Chemical Co's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

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

TSE:4040' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.18 Max: 2.07
Current: 0.67

During the past 3 years, the highest Debt-to-Equity Ratio of Nankai Chemical Co was 2.07. The lowest was 0.66. And the median was 1.18.

TSE:4040's Debt-to-Equity is ranked worse than
71.41% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4040: 0.67

Nankai Chemical Co Debt-to-Equity Historical Data

The historical data trend for Nankai 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.

* Premium members only.

Nankai Chemical Co Debt-to-Equity Chart

Nankai Chemical Co Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

2.07

1.60

1.18

Nankai Chemical Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			1.37	1.18	0.83	0.66	0.67

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

For the Chemicals subindustry, Nankai 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.

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

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

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

Nankai Chemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nankai 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
	=	(2693	+	3378)	/	5132
	=	1.18

Nankai 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
	=	(2148	+	2719)	/	7265
	=	0.67

Nankai Chemical Co (TSE:4040) 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.

Nankai Chemical Co Debt-to-Equity Related Terms

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

Nankai Chemical Co (TSE:4040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nankai Chemical Co Ltd (TSE:4040) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-19 Minamihorie, Yotsubashi Star Building, Nishi-ku, Osaka, JPN, 550-0015

Website

https://www.nankai-chem.co.jp

Nankai Chemical Co Ltd is engaged in the manufacturing and sales of chemical products, agricultural products, quasi-drugs and food additives. collecting, transporting, and recycling of industrial wastes.

Nankai Chemical Co (TSE:4040) Headlines

No Headlines