Nisshin Oillio Group (TSE:2602) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Nisshin Oillio Group 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. Nisshin Oillio Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Nisshin Oillio Group's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.20). It may suggest that Nisshin Oillio Group is progressively becoming less dependent on debt to grow their business.

Nisshin Oillio Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nisshin Oillio Group'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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Nisshin Oillio Group LT-Debt-to-Total-Asset Chart

Nisshin Oillio Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.17

0.18

0.21

0.20

Nisshin Oillio Group 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															0.21	0.20	0.18	0.18	0.20

Nisshin Oillio Group LT-Debt-to-Total-Asset Calculation

Nisshin Oillio Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	78732	/	393382
	=	0.20

Nisshin Oillio Group'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 )
	=	78732	/	393382
	=	0.20

Nisshin Oillio Group (TSE:2602) 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.

Nisshin Oillio Group LT-Debt-to-Total-Asset Related Terms

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Nisshin Oillio Group (TSE:2602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nisshin Oillio Group Ltd (TSE:2602) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285

Website

http://www.nisshin-oillio.com

Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.

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