Nippon Paint Holdings Co (Nippon Paint Holdings Co) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Nippon Paint Holdings 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. Nippon Paint Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Nippon Paint Holdings Co's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.21). It may suggest that Nippon Paint Holdings Co is progressively becoming less dependent on debt to grow their business.

Nippon Paint Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Paint Holdings 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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Nippon Paint Holdings Co LT-Debt-to-Total-Asset Chart

Nippon Paint Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.29

0.23

0.26

0.25

Nippon Paint Holdings Co 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															0.26	0.24	0.23	0.25	0.21

Nippon Paint Holdings Co LT-Debt-to-Total-Asset Calculation

Nippon Paint Holdings 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 )
	=	4749.02	/	18845.067
	=	0.25

Nippon Paint Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4069.975	/	19283.861
	=	0.21

Nippon Paint Holdings Co (OTCPK:NPCPF) 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.

Nippon Paint Holdings Co LT-Debt-to-Total-Asset Related Terms

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Nippon Paint Holdings Co (Nippon Paint Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Paint Holdings Co Ltd (OTCPK:NPCPF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NPPHY:USA 4612:Japan NI7:Germany

Address

2-1-2 Oyodo Kita, Kita-ku, Osaka, JPN, 531-8511

Website

http://www.nipponpaint-holdings.com

Nippon Paint Holdings Co Ltd is a holding company, which, through its subsidiaries, manufactures and sells a variety of paint and coating products. The firm organizes itself into four operating companies based on end market. The automotive paints division sells paint and temperature-control coatings that are used to cover the body of an automobile. The industrial-use paints division sells paints and coatings for trains and ships. The trade-use paints division sells paints and coatings that are used on buildings, bridges, and roads. The surface treatments division sells anti-corrosive and anti-rust coatings for metal products and electronics. The company organizes itself into three segments based on geography: Japan, Asia, and Americas. The majority of revenue comes from Japan.