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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Nicholas Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.
Nicholas Financial's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.00). It may suggest that Nicholas Financial is progressively becoming less dependent on debt to grow their business.
The historical data trend for Nicholas Financial's LT-Debt-to-Total-Asset 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.
Nicholas Financial Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | - | 0.01 | 0.03 | 0.04 | - |
Nicholas Financial Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.02 | - | - | - | - |
Nicholas Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
LT Debt to Total Assets (A: Mar. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 ) | / | Total Assets (A: Mar. 2023 ) |
= | 0.176 | / | 110.348 | |
= | 0.00 |
Nicholas Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 0 | / | 59.991 | |
= | 0.00 |
* 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.
Nicholas Financial (NAS:NICK) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of Nicholas Financial's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnolia Capital Fund, Lp | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Jeffrey C Royal | director | 5420 NICHOLAS STREET, OMAHA NE 68132 |
Mark R Hutchins | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Michael Rost | officer: interim CEO | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Irina Nashtatik | officer: CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Douglas W Marohn | officer: Snr. Vice President Branch Ops | 2454 MCMULLEN BOOTH RD, BLDG C #501B, CLEARWATER FL 33759 |
Brendan Joseph Keating | director | 8918 SPANISH RIDGE AVENUE, SUITE 100, LAS VEGAS NV 89148 |
Kelly M Malson | officer: Chief Financial Officer | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Adam K Peterson | director, 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Chad Steinorth | officer: Vice President and Interim CFO | 2454 MCMULLEN BOOTH ROAD, BUILDING C, CLEARWATER FL 33759 |
Jeremy Qinli Zhu | director | 1940 LINDA FLORA DRIVE, LOS ANGELES CA 90077 |
Magnolia Group, Llc | 10 percent owner | 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102 |
Robin Hastings | director | 2454 MCMULLEN BOOTH RD, BUILDING C, CLEARWATER FL 33759 |
Todd Pfister | director | 2454 MCMULLEN BOOTH ROD, BUILDING C, CLEARWATER FL 33759 |
Mahan Children Llc | 10 percent owner | 219 7TH STREET, TIERRA VERDE FL 33715 |
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