Nitto Kohki Co (TSE:6151) Debt-to-Asset : 0.03 (As of Dec. 2023)

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What is Nitto Kohki Co Debt-to-Asset?

Nitto Kohki Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円265 Mil. Nitto Kohki Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円1,390 Mil. Nitto Kohki Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円67,170 Mil. Nitto Kohki Co's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

Nitto Kohki Co Debt-to-Asset Historical Data

The historical data trend for Nitto Kohki Co's Debt-to-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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Nitto Kohki Co Debt-to-Asset Chart

Nitto Kohki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.02

0.03

Nitto Kohki Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Nitto Kohki Co's Debt-to-Asset

For the Specialty Industrial Machinery subindustry, Nitto Kohki Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Nitto Kohki Co's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitto Kohki Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Nitto Kohki Co's Debt-to-Asset falls into.

Nitto Kohki Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nitto Kohki Co's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(272	+	1483)	/	66835
	=	0.03

Nitto Kohki Co's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(265	+	1390)	/	67170
	=	0.02

Nitto Kohki Co (TSE:6151) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nitto Kohki Co Debt-to-Asset Related Terms

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Nitto Kohki Co (TSE:6151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kohki Co Ltd (TSE:6151) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

9-4, Nakaikegami 2-Chome, Ohta-ku, Tokyo, JPN, 146-8555

Website

http://www.nitto-kohki.co.jp

Nitto Kohki Co Ltd is a Japan-based company that operates in four segments. The couplings segment develops, manufactures, and sells quick-connecting fluid couplings under the Cupla brand. The machine tools segment manufactures machine tools for various functions including drilling, cutting, sanding, chamfering, and so on. The linear pumps segment manufactures and sells pump products that are incorporated into equipment in the housing, medical healthcare, hair, and various other fields. The door closers segment offers various door-closer products utilized in different kinds of doors. The company generates the majority of its sales from the Japanese domestic market, and the rest from overseas markets.

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