Nishi-Nippon Railroad Co (TSE:9031) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2023)

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What is Nishi-Nippon Railroad 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. Nishi-Nippon Railroad Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.37.

Nishi-Nippon Railroad Co's long-term debt to total assets ratio declined from Dec. 2022 (0.40) to Dec. 2023 (0.37). It may suggest that Nishi-Nippon Railroad Co is progressively becoming less dependent on debt to grow their business.

Nishi-Nippon Railroad Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nishi-Nippon Railroad 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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Nishi-Nippon Railroad Co LT-Debt-to-Total-Asset Chart

Nishi-Nippon Railroad Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.35

0.41

0.36

Nishi-Nippon Railroad 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															0.41	0.39	0.37	0.37	0.36

Nishi-Nippon Railroad Co LT-Debt-to-Total-Asset Calculation

Nishi-Nippon Railroad Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	259677	/	727002
	=	0.36

Nishi-Nippon Railroad 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 )
	=	264476	/	710595
	=	0.37

Nishi-Nippon Railroad Co (TSE:9031) 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.

Nishi-Nippon Railroad Co LT-Debt-to-Total-Asset Related Terms

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Nishi-Nippon Railroad Co (TSE:9031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nishi-Nippon Railroad Co Ltd (TSE:9031) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

9031:Japan

Address

3-5-7 Hakataekimae, Hakata Ward, Fukuoka, JPN, 810-8570

Website

http://www.nishitetsu.co.jp

Nishi-Nippon Railroad Co Ltd organises itself into six segments: transportation, real estate, distribution, logistics, leisure, and other. The transportation segment transports passengers by rail, bus, and taxi. The real estate business develops, sells, and leases commercial and residential buildings. The distribution segment operates supermarkets. The logistics segment operates an international air-cargo-handling business. The leisure segment operates hotels and other leisure businesses. The company derives the majority of its revenue domestically.

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