Naigai Tec (TSE:3374) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Naigai Tec 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. Naigai Tec's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Naigai Tec's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Sep. 2024 (0.11). It may suggest that Naigai Tec is progressively becoming less dependent on debt to grow their business.

Naigai Tec LT-Debt-to-Total-Asset Historical Data

The historical data trend for Naigai Tec'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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Naigai Tec LT-Debt-to-Total-Asset Chart

Naigai Tec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.08

0.14

0.13

Naigai Tec Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.13	0.13	0.13	0.11

Naigai Tec LT-Debt-to-Total-Asset Calculation

Naigai Tec'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 )
	=	3448.72	/	27147.314
	=	0.13

Naigai Tec's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2770.192	/	24318.193
	=

Naigai Tec (TSE:3374) 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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Naigai Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Naigai Tec Corp (TSE:3374) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

11-22, Sangenjaya 2-chome, Setagaya-ku, Tokyo, JPN, 154-0024

Website

http://www.naigaitec.co.jp

Naigai Tec Corp is engaged in electronics parts design, manufacture, logistics, and after-sale service. It sales, purchase, import and export of pneumatic devices, pneumatic application devices, working machines, electric devices, electronic devices, and other tools. It provides its services to Japan, China, and South Korea.

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