NHK Spring Co (NHK Spring Co) Debt-to-Asset : 0.08 (As of Dec. 2023)

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What is NHK Spring Co Debt-to-Asset?

NHK Spring Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $123 Mil. NHK Spring Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $262 Mil. NHK Spring Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $4,571 Mil. NHK Spring Co's debt to asset for the quarter that ended in Dec. 2023 was 0.08.

NHK Spring Co Debt-to-Asset Historical Data

The historical data trend for NHK Spring 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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NHK Spring Co Debt-to-Asset Chart

NHK Spring Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.12

0.11

0.13

0.09

NHK Spring 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															0.07	0.09	0.08	0.08	0.08

Competitive Comparison of NHK Spring Co's Debt-to-Asset

For the Auto Parts subindustry, NHK Spring 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.

NHK Spring Co's Debt-to-Asset Distribution in the Vehicles & Parts Industry

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

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

NHK Spring Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NHK Spring 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
	=	(167.883	+	215.832)	/	4534.038
	=	0.08

NHK Spring 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
	=	(123.196	+	261.561)	/	4571.337
	=	0.08

NHK Spring Co (OTCPK:NHKGF) 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.

NHK Spring Co Debt-to-Asset Related Terms

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NHK Spring Co (NHK Spring Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (OTCPK:NHKGF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

5991:Japan

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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