Nissin Foods Co (FRA:4NS) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Nissin Foods 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. Nissin Foods Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Nissin Foods Co's long-term debt to total assets ratio stayed the same from Sep. 2022 (0.00) to Dec. 2023 (0.00).

Nissin Foods Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nissin Foods 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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Nissin Foods Co LT-Debt-to-Total-Asset Chart

Nissin Foods Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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Nissin Foods Co Quarterly Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Nissin Foods Co LT-Debt-to-Total-Asset Calculation

Nissin Foods Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.131	/	549.948
	=	0.00

Nissin Foods 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 )
	=	0.131	/	549.948
	=	0.00

Nissin Foods Co (FRA:4NS) 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.

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Nissin Foods Co (FRA:4NS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Co Ltd (FRA:4NS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

01475:Hong Kong

Address

11-13 Dai Shun Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.nissingroup.com.hk

Nissin Foods Co Ltd is a Hong Kong-based company. The company produces and sell instant noodle, frozen food, retort foods, beverage products and snacks in Hong Kong and China. It sells its products under the brand name NISSIN, DOLL, Cup Noodles, Doll Instant Noodle, and Fuku. The company's operating segments include HK Operations and PRC Operations. It derives a majority of revenue from the PRC Operations segment.

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