Nagatanien Holdings Co (TSE:2899) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Nagatanien 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. Nagatanien Holdings Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Nagatanien Holdings Co's long-term debt to total assets ratio declined from Mar. 2023 (0.20) to Mar. 2024 (0.18). It may suggest that Nagatanien Holdings Co is progressively becoming less dependent on debt to grow their business.

Nagatanien Holdings Co LT-Debt-to-Total-Asset Historical Data

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

Nagatanien Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.27

0.22

0.28

0.20

0.18

Nagatanien 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															0.20	0.18	0.17	0.16	0.18

Nagatanien Holdings Co LT-Debt-to-Total-Asset Calculation

Nagatanien Holdings Co'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 )
	=	17789	/	99894
	=	0.18

Nagatanien 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 )
	=	17789	/	99894
	=	0.18

Nagatanien Holdings Co (TSE:2899) 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.

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Nagatanien Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nagatanien Holdings Co Ltd (TSE:2899) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-36-1, Nishi-Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nagatanien.co.jp

Nagatanien Holdings Co Ltd is a food processing company in Japan that produces and sells ochazuke (rice with green tea), furikake (Japanese rice seasonings), soup, prepared food, flavorings, and noodles. It also provides packaging services for semi-processed products. The company is also engaged in the grocery mail order business.

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