Nissin Shoji Co (TSE:7490) Debt-to-Asset : 0.28 (As of Dec. 2023)

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What is Nissin Shoji Co Debt-to-Asset?

Nissin Shoji Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円3,448 Mil. Nissin Shoji Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円6,956 Mil. Nissin Shoji Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円37,846 Mil. Nissin Shoji Co's debt to asset for the quarter that ended in Dec. 2023 was 0.27.

Nissin Shoji Co Debt-to-Asset Historical Data

The historical data trend for Nissin Shoji 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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Nissin Shoji Co Debt-to-Asset Chart

Nissin Shoji Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.28

0.27

0.22

0.27

Nissin Shoji 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															0.28	0.27	0.27	0.28	0.28

Competitive Comparison of Nissin Shoji Co's Debt-to-Asset

For the Conglomerates subindustry, Nissin Shoji 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.

Nissin Shoji Co's Debt-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nissin Shoji Co's Debt-to-Asset distribution charts can be found below:

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

Nissin Shoji Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nissin Shoji 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
	=	(4052.112	+	5288.522)	/	35062.076
	=	0.27

Nissin Shoji 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
	=	(3448.112	+	6956.188)	/	37845.814
	=	0.27

Nissin Shoji Co (TSE:7490) 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.

Nissin Shoji Co Debt-to-Asset Related Terms

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Nissin Shoji Co (TSE:7490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nissin Shoji Co Ltd (TSE:7490) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-3 Shibaura, Minato-ku, 4th Foor, Daiwa Shibaura Building, Tokyo, JPN, 105-0023

Website

https://www.nissin-shoji.co.jp

Nissin Shoji Co Ltd is engaged in the sale of general petroleum products, petrochemical products, synthetic resin products, liquefied petroleum gas, and by-products. The company is also involved in real estate rental business, eating and drinking business, leasing of automobiles and automobile supplies, manufacture and sale of beverages, manufacture, and sale of agricultural materials, agency business related to telecommunications equipment sales and telecommunications service, and other business-related to power generation and power distribution.

Nissin Shoji Co (TSE:7490) Headlines

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