NEXTAGE Co (TSE:3186) LT-Debt-to-Total-Asset : 0.30 (As of May. 2024)

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What is NEXTAGE 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. NEXTAGE Co's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.30.

NEXTAGE Co's long-term debt to total assets ratio declined from May. 2023 (0.32) to May. 2024 (0.30). It may suggest that NEXTAGE Co is progressively becoming less dependent on debt to grow their business.

NEXTAGE Co LT-Debt-to-Total-Asset Historical Data

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

NEXTAGE Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

LT-Debt-to-Total-Asset

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0.34

0.40

0.36

0.30

0.27

NEXTAGE Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.27	0.31	0.30	-

NEXTAGE Co LT-Debt-to-Total-Asset Calculation

NEXTAGE Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2023 is calculated as

LT Debt to Total Assets (A: Nov. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2023 )	/	Total Assets (A: Nov. 2023 )
	=	47277	/	177497
	=	0.27

NEXTAGE Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	65614	/	216471
	=	0.30

NEXTAGE Co (TSE:3186) 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.

NEXTAGE Co LT-Debt-to-Total-Asset Related Terms

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NEXTAGE Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004

Website

http://www.nextage.jp

NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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