Nikkiso Co (FRA:NKO) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is Nikkiso 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. Nikkiso Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

Nikkiso Co's long-term debt to total assets ratio increased from Jun. 2023 (0.22) to Jun. 2024 (0.29). It may suggest that Nikkiso Co is progressively becoming more dependent on debt to grow their business.

Nikkiso Co LT-Debt-to-Total-Asset Historical Data

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

Nikkiso Co Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.40

0.34

0.27

0.21

Nikkiso Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.21	0.23	0.29	-

Nikkiso Co LT-Debt-to-Total-Asset Calculation

Nikkiso 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 )
	=	394.252	/	1886.639
	=	0.21

Nikkiso Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	556.099	/	1898.865
	=	0.29

Nikkiso Co (FRA:NKO) 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.

Nikkiso Co LT-Debt-to-Total-Asset Related Terms

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Nikkiso Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nikkiso Co Ltd (FRA:NKO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

6376:Japan

Address

4-20-3, Ebisu, Shibuya-ku, Tokyo, JPN, 150-6022

Website

http://www.nikkiso.co.jp

Nikkiso Co Ltd is a Japan-based industrial company that operates through four divisions. The industrial division manufactures and distributes fluid equipment for process industries. The precision equipment business division manufactures and sells water conditioning systems, particle characterization instruments, multilayer ceramic electronic components production equipment, and systems. The aerospace division manufactures, distributes, and consults for carbon-fiber-reinforced plastic products. The medical division manufactures and sells hemodialysis machines, dialyzers, blood tubing sets, and other products. The company has a presence, with the majority of its sales coming from Japan, Asia excluding Japan, North America, and Europe.

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