Mitsubishi Chemical Group (TSE:4188) Debt-to-Equity : 1.34 (As of Dec. 2023)

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What is Mitsubishi Chemical Group Debt-to-Equity?

Mitsubishi Chemical Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円657,798 Mil. Mitsubishi Chemical Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,628,857 Mil. Mitsubishi Chemical Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円1,702,189 Mil. Mitsubishi Chemical Group's debt to equity for the quarter that ended in Dec. 2023 was 1.34.

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

TSE:4188' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.12 Med: 1.54 Max: 2.21
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Mitsubishi Chemical Group was 2.21. The lowest was 1.12. And the median was 1.54.

TSE:4188's Debt-to-Equity is ranked worse than
90.78% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs TSE:4188: 1.34

Mitsubishi Chemical Group Debt-to-Equity Historical Data

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

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.63

1.95

1.90

1.48

1.43

Mitsubishi Chemical Group 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															1.54	1.43	1.39	1.37	1.34

Competitive Comparison of Mitsubishi Chemical Group's Debt-to-Equity

For the Specialty Chemicals subindustry, Mitsubishi Chemical Group'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.

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

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

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

Mitsubishi Chemical Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mitsubishi Chemical Group'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
	=	(601443	+	1642325)	/	1564366
	=	1.43

Mitsubishi Chemical Group'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
	=	(657798	+	1628857)	/	1702189
	=	1.34

Mitsubishi Chemical Group (TSE:4188) 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.

Mitsubishi Chemical Group Debt-to-Equity Related Terms

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

Mitsubishi Chemical Group (TSE:4188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (TSE:4188) » Definitions » Debt-to-Equity

Comparable Companies

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MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

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