Nippon Electric Glass Co (TSE:5214) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Nippon Electric Glass 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. Nippon Electric Glass Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Nippon Electric Glass Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.10). It may suggest that Nippon Electric Glass Co is progressively becoming more dependent on debt to grow their business.

Nippon Electric Glass Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Electric Glass 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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Nippon Electric Glass Co LT-Debt-to-Total-Asset Chart

Nippon Electric Glass Co Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.08

0.09

0.08

0.12

Nippon Electric Glass Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.12	0.12	0.10

Nippon Electric Glass Co LT-Debt-to-Total-Asset Calculation

Nippon Electric Glass Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	85838	/	703917
	=	0.12

Nippon Electric Glass Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	69290	/	729845
	=	0.09

Nippon Electric Glass Co (TSE:5214) 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.

Nippon Electric Glass Co LT-Debt-to-Total-Asset Related Terms

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Nippon Electric Glass Co (TSE:5214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nippon Electric Glass Co Ltd (TSE:5214) » Definitions » LT-Debt-to-Total-Asset

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NPG:Germany

Address

7-1, Seiran 2-chome, Shiga, Otsu, JPN, 520-8639

Website

http://www.neg.co.jp

Nippon Electric Glass Co., Ltd. is in the business of production and sale of glass products and glassmaking machinery. Its business is divided into two categories Electronics and Information Technology and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber and building materials. The company generates most of the sales from electronics and information technology category.

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