NXMH (Next Meats Holdings) LT-Debt-to-Total-Asset: 0.76 (As of Jan. 2024)

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What is Next Meats Holdings LT-Debt-to-Total-Asset?

Next Meats Holdings NXMH +94.37% LT-Debt-to-Total-Asset is 0.76 as of Jan. 2024.

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. Next Meats Holdings's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.76.

Next Meats Holdings's long-term debt to total assets ratio increased from Jan. 2023 (0.03) to Jan. 2024 (0.76). It may suggest that Next Meats Holdings is progressively becoming more dependent on debt to grow their business.

Next Meats Holdings  (OTCPK:NXMH) 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.

Next Meats Holdings LT-Debt-to-Total-Asset Related Terms

Next Meats Holdings LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Next Meats 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.

Next Meats Holdings LT-Debt-to-Total-Asset Chart

Next Meats Holdings Annual Data
Trend Apr20 Apr21 Apr22 Apr23
LT-Debt-to-Total-Asset
0.00 0.00 0.05 0.29

Next Meats Holdings Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.29 0.45 0.31 0.76

Next Meats Holdings LT-Debt-to-Total-Asset Calculation

Next Meats Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )/Total Assets (A: Apr. 2023 )
=0.359/1.225
=0.29

Next Meats Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )/Total Assets (Q: Jan. 2024 )
=0.469/0.615
=0.76

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.76 mean?
Next Meats Holdings (NXMH) has a LT-Debt-to-Total-Asset of 0.76 as of Jan. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Next Meats Holdings and its competitors.
Is Next Meats Holdings' LT-Debt-to-Total-Asset too high?
Next Meats Holdings' current LT-Debt-to-Total-Asset is 0.76.
How does Next Meats Holdings' LT-Debt-to-Total-Asset compare to NGTF and SHRG?
Next Meats Holdings' LT-Debt-to-Total-Asset of 0.76 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for a Consumer Packaged Goods company?
A good LT-Debt-to-Total-Asset depends on the Consumer Packaged Goods industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Next Meats Holdings and its competitors. Next Meats Holdings's current LT-Debt-to-Total-Asset is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Meats Holdings stock overvalued right now?
Next Meats Holdings (NXMH) has a current LT-Debt-to-Total-Asset of 0.76. The current LT-Debt-to-Total-Asset is 0.76. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Next Meats Holdings (NXMH), the current LT-Debt-to-Total-Asset is 0.76 as of Jan. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Next Meats Holdings Business Description

Address 79-49 Motomachi, Niseko, Abuta District, Hokkaido, JPN, 048-1544
Next Meats Holdings Inc. is a Japanese company that operates in the industry that provides an alternative to meat. It develops and sells alternative meat products, with ingredients derived, predominantly, plant-based materials.