Nichiryo Baking Co (SSE:2218) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Nichiryo Baking Co LT-Debt-to-Total-Asset?

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. Nichiryo Baking Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Nichiryo Baking Co's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.09). It may suggest that Nichiryo Baking Co is progressively becoming less dependent on debt to grow their business.

Nichiryo Baking Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nichiryo Baking Co'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.

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Nichiryo Baking Co LT-Debt-to-Total-Asset Chart

Nichiryo Baking Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.16

0.15

0.13

0.12

0.10

Nichiryo Baking Co 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															0.11	0.10	0.08	0.08	0.09

Nichiryo Baking Co LT-Debt-to-Total-Asset Calculation

Nichiryo Baking Co'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 )
	=	1361.5	/	13999.428
	=	0.10

Nichiryo Baking Co'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 )
	=	1300	/	14344.199
	=	0.09

Nichiryo Baking Co (SSE:2218) 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.

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Nichiryo Baking Co (SSE:2218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nichiryo Baking Co Ltd (SSE:2218) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Toyohira-ku Tsukisa Higashi, Sapporo, JPN, 1118-551

Website

http://www.nichiryo-pan.co.jp

Nichiryo Baking Co Ltd engages in the manufacturing and sale of food products in Japan. The Company's products include bread, bakery, pastry, candy products, plain bread, meal bread, sweet bread, Japanese confectionery, northern country bakery, boiled rice, cooked bread. It also sales seasonal items.

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