Nippon Gear Co (TSE:6356) Debt-to-Asset : 0.03 (As of Dec. 2023)

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What is Nippon Gear Co Debt-to-Asset?

Nippon Gear Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円147 Mil. Nippon Gear Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円256 Mil. Nippon Gear Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円14,100 Mil. Nippon Gear Co's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

Nippon Gear Co Debt-to-Asset Historical Data

The historical data trend for Nippon Gear 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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Nippon Gear Co Debt-to-Asset Chart

Nippon Gear Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.08

0.06

0.04

Nippon Gear 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															0.06	0.04	0.04	0.03	0.03

Competitive Comparison of Nippon Gear Co's Debt-to-Asset

For the Auto Parts subindustry, Nippon Gear 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.

Nippon Gear Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Gear Co's Debt-to-Asset distribution charts can be found below:

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

Nippon Gear Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nippon Gear 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
	=	(145.459	+	366.464)	/	12716.194
	=	0.04

Nippon Gear 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
	=	(146.812	+	256.155)	/	14100.312
	=	0.03

Nippon Gear Co (TSE:6356) 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.

Nippon Gear Co Debt-to-Asset Related Terms

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Nippon Gear Co (TSE:6356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811

Website

http://www.nippon-gear.jp

Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

Nippon Gear Co (TSE:6356) Headlines

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