Niks Professional (SGX:NPL) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2023)

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What is Niks Professional 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. Niks Professional's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.06.

Niks Professional's long-term debt to total assets ratio increased from Dec. 2020 (0.00) to Mar. 2023 (0.06). It may suggest that Niks Professional is progressively becoming more dependent on debt to grow their business.

Niks Professional LT-Debt-to-Total-Asset Historical Data

The historical data trend for Niks Professional'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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Niks Professional LT-Debt-to-Total-Asset Chart

Niks Professional Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

Niks Professional Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.04	-	0.04	0.06	0.04

Niks Professional LT-Debt-to-Total-Asset Calculation

Niks Professional'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 )
	=	0.912	/	22.63
	=	0.04

Niks Professional's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	0.978	/	16.469
	=	0.06

Niks Professional (SGX:NPL) 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.

Niks Professional LT-Debt-to-Total-Asset Related Terms

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Niks Professional (SGX:NPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Niks Professional Ltd (SGX:NPL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Kallang Place, No. 03-27, Singapore, SGP, 339156

Website

https://www.nikspro.com

Niks Professional Ltd is an integrated medical skin care provider, incorporating family dermatology and aesthetic medical services, skin care products, facial treatment and medical camouflage service under one roof and a single NIKS brand. It owns and operates three medical clinics in Singapore focusing on family dermatology and aesthetic medicine. its clinical services are complemented by a portfolio of some 200 quality medical skin care products. its products are conceptualized and developed in Singapore and made in the finest factories in the United States and Europe.

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