Nissan Chemical (TSE:4021) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Nissan Chemical Debt-to-Equity?

Nissan Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円35,643 Mil. Nissan Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,079 Mil. Nissan Chemical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円218,029 Mil. Nissan Chemical's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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

TSE:4021' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: 0.26
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Nissan Chemical was 0.26. The lowest was 0.03. And the median was 0.10.

TSE:4021's Debt-to-Equity is ranked better than
68.31% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4021: 0.17

Nissan Chemical Debt-to-Equity Historical Data

The historical data trend for Nissan Chemical'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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Nissan Chemical Debt-to-Equity Chart

Nissan Chemical Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.15

0.13

0.11

0.13

Nissan Chemical 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															0.05	0.13	0.17	0.05	0.17

Competitive Comparison of Nissan Chemical's Debt-to-Equity

For the Chemicals subindustry, Nissan Chemical'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.

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

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

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

Nissan Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nissan Chemical'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
	=	(25951	+	1338)	/	218418
	=	0.12

Nissan Chemical'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
	=	(35643	+	1079)	/	218029
	=	0.17

Nissan Chemical (TSE:4021) 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.

Nissan Chemical Debt-to-Equity Related Terms

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Nissan Chemical (TSE:4021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nissan Chemical Corp (TSE:4021) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

NNCHY:USA NSC:Germany

Address

7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.nissanchem.co.jp

Nissan Chemical Industries Ltd manufactures and sells chemicals, semiconductors, and pharmaceutical products. The firm organizes itself into six segments based on product type. The Performance Materials segment, which generates the most revenue of any segment, sells resins for liquid-crystal display screens and semiconductors. The Agrochemicals segment sells herbicides, insecticides, and fungicides to the agriculture industry. The Chemicals segment sells melamine, ammonia, and fine chemical products. The Pharmaceuticals segment sells anti-cholesterol agents under the Livalo brand. The other two segments are Trading and Other. The majority of revenue comes from Japan.

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