Mitsui Chemicals (Mitsui Chemicals) Debt-to-Equity : 0.91 (As of Dec. 2023)

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What is Mitsui Chemicals Debt-to-Equity?

Mitsui Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,542 Mil. Mitsui Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,685 Mil. Mitsui Chemicals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,726 Mil. Mitsui Chemicals's debt to equity for the quarter that ended in Dec. 2023 was 0.91.

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 Mitsui Chemicals's Debt-to-Equity or its related term are showing as below:

MITUY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 0.94 Max: 1.65
Current: 0.91

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsui Chemicals was 1.65. The lowest was 0.76. And the median was 0.94.

MITUY's Debt-to-Equity is ranked worse than
82.42% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs MITUY: 0.91

Mitsui Chemicals Debt-to-Equity Historical Data

The historical data trend for Mitsui Chemicals'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.

Mitsui Chemicals Debt-to-Equity Chart

Mitsui Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.93

1.03

0.84

0.94

Mitsui Chemicals 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															0.99	0.94	0.91	0.86	0.91

Competitive Comparison of Mitsui Chemicals's Debt-to-Equity

For the Specialty Chemicals subindustry, Mitsui Chemicals'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.

Mitsui Chemicals's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Mitsui Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsui Chemicals'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
	=	(2756.63	+	2766.528)	/	5886.591
	=	0.94

Mitsui Chemicals'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
	=	(2541.861	+	2685.352)	/	5725.965
	=	0.91

Mitsui Chemicals (OTCPK:MITUY) 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.

Mitsui Chemicals Debt-to-Equity Related Terms

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Mitsui Chemicals (Mitsui Chemicals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (OTCPK:MITUY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MITUF:USA 4183:Japan MSI:Germany

Address

1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122

Website

http://group.mitsuichemicals.com

Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.

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