Nagoya Railroad Co (Nagoya Railroad Co) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is Nagoya Railroad 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. Nagoya Railroad Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Nagoya Railroad Co's long-term debt to total assets ratio declined from Dec. 2022 (0.32) to Dec. 2023 (0.30). It may suggest that Nagoya Railroad Co is progressively becoming less dependent on debt to grow their business.

Nagoya Railroad Co LT-Debt-to-Total-Asset Historical Data

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

Nagoya Railroad Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.29

0.30

0.32

0.33

0.31

Nagoya Railroad Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.31	0.31	0.33	0.30

Nagoya Railroad Co LT-Debt-to-Total-Asset Calculation

Nagoya Railroad Co'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 )
	=	2855.115	/	9212.467
	=	0.31

Nagoya Railroad 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 )
	=	2659.904	/	8898.49
	=	0.30

Nagoya Railroad Co (OTCPK:NARRF) 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.

Nagoya Railroad Co LT-Debt-to-Total-Asset Related Terms

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Nagoya Railroad Co (Nagoya Railroad Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nagoya Railroad Co Ltd (OTCPK:NARRF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

9048:Japan

Address

1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501

Website

http://www.meitetsu.co.jp

Nagoya Railroad Co Ltd is a transportation company domiciled in Japan. The company organizes itself into six segments: traffic, transport, real estate, leisure and services, aviation services and distribution. Traffic, which contributes the most significant portion of revenue, operates railways, buses, and taxis. The transport segment operates trucking and maritime transport operations. The real estate segment develops and leases real estate. Leisure and services operate hotels, restaurants, and other tourist facilities. The distribution segment operates department stores.

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