Nippon Carbide Industries Co (TSE:4064) Debt-to-Equity : 0.35 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Nippon Carbide Industries Co Debt-to-Equity?

Nippon Carbide Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円8,004 Mil. Nippon Carbide Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,569 Mil. Nippon Carbide Industries Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円32,979 Mil. Nippon Carbide Industries Co's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

TSE:4064' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.8 Max: 1.32
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Nippon Carbide Industries Co was 1.32. The lowest was 0.35. And the median was 0.80.

TSE:4064's Debt-to-Equity is ranked better than
51% of 1396 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4064: 0.35

Nippon Carbide Industries Co Debt-to-Equity Historical Data

The historical data trend for Nippon Carbide Industries 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 Carbide Industries Co Debt-to-Equity Chart

Nippon Carbide Industries Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.77

0.75

0.70

0.46

0.37

Nippon Carbide Industries 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															0.39	0.37	0.39	0.37	0.35

Competitive Comparison of Nippon Carbide Industries Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Nippon Carbide Industries 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 Carbide Industries Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Nippon Carbide Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nippon Carbide Industries 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
	=	(6466	+	4994)	/	31230
	=	0.37

Nippon Carbide Industries 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
	=	(8004	+	3569)	/	32979
	=	0.35

Nippon Carbide Industries Co (TSE:4064) 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 Carbide Industries Co Debt-to-Equity Related Terms

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

Nippon Carbide Industries Co (TSE:4064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Carbide Industries Co Inc (TSE:4064) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-2, 2-Chome Konan, Minato-Ku, Tokyo, JPN, 108-8466

Website

http://www.carbide.co.jp

Nippon Carbide Industries Co Inc is engaged in the manufacture and sales of chemicals, plastics and resins, plastics films and electronic materials. Its product offerings include calcium carbide, dicyandiamide, cyanamide solution, among others. The company also manufacture and sell adhesive products used in medical, optical, and electronic equipment, coating materials for paper, film, and metal, fiber processing, and pigments.

Nippon Carbide Industries Co (TSE:4064) Headlines

No Headlines