Niraku GC Holdings (HKSE:01245) LT-Debt-to-Total-Asset : 0.48 (As of Sep. 2023)

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What is Niraku GC Holdings 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. Niraku GC Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.48.

Niraku GC Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.50) to Sep. 2023 (0.48). It may suggest that Niraku GC Holdings is progressively becoming less dependent on debt to grow their business.

Niraku GC Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Niraku GC Holdings'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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Niraku GC Holdings LT-Debt-to-Total-Asset Chart

Niraku GC Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.27

0.52

0.40

0.51

0.50

Niraku GC Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.51	0.50	0.50	0.48

Niraku GC Holdings LT-Debt-to-Total-Asset Calculation

Niraku GC Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1922.065	/	3863.978
	=	0.50

Niraku GC Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1671.443	/	3505.709
	=	0.48

Niraku GC Holdings (HKSE:01245) 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.

Niraku GC Holdings LT-Debt-to-Total-Asset Related Terms

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Niraku GC Holdings (HKSE:01245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Niraku GC Holdings Inc (HKSE:01245) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-39 Hohaccho 1-chome, Fukushima, Koriyama-shi, JPN, 963-8811

Website

http://www.ngch.co.jp

Niraku GC Holdings Inc is an investment holding company. The firm is also engaged in operating pachinko halls. The operating segments of the company include Pachinko and Pachislot hall operations, amusement arcade operations, vending machines, hotel operations, restaurant operations in China, and Others. The company derives the majority of its revenue from the pachinko and pachislot hall business.

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