Nifco (FRA:9WM) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Nifco 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. Nifco's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Nifco's long-term debt to total assets ratio declined from Dec. 2022 (0.12) to Dec. 2023 (0.11). It may suggest that Nifco is progressively becoming less dependent on debt to grow their business.

Nifco LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nifco'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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Nifco LT-Debt-to-Total-Asset Chart

Nifco Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.17

0.13

0.09

Nifco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.13	0.11	0.11	0.09

Nifco LT-Debt-to-Total-Asset Calculation

Nifco's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	216.677	/	2335.976
	=	0.09

Nifco'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 )
	=	269.403	/	2420.28
	=	0.11

Nifco (FRA:9WM) 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.

Nifco LT-Debt-to-Total-Asset Related Terms

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Nifco (FRA:9WM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nifco Inc (FRA:9WM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NIFCY:USA 7988:Japan

Address

Mita Bellju Building 20th Floor, 5-36-7 Shiba, Minato-ku, Tokyo, JPN, 108-8522

Website

http://www.nifco.co.jp

Nifco Inc manufactures and sells a variety of plastic components. The automotive components division of the company includes parts for fuel tanks, engines, interiors, exteriors, and electrical components. It also offers Home solutions and Fashion related products such as Damper, Cord Lock, Magnet Latch and Push Latch among others.

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