Nippon Ichi Software (TSE:3851) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Nippon Ichi Software 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. Nippon Ichi Software's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Nippon Ichi Software's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.09). It may suggest that Nippon Ichi Software is progressively becoming more dependent on debt to grow their business.

Nippon Ichi Software LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Ichi Software'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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Nippon Ichi Software LT-Debt-to-Total-Asset Chart

Nippon Ichi Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.11

0.04

0.08

0.07

Nippon Ichi Software Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.07	0.07	0.08	0.09

Nippon Ichi Software LT-Debt-to-Total-Asset Calculation

Nippon Ichi Software's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	658.586	/	9379.628
	=	0.07

Nippon Ichi Software's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	887.188	/	10183.845
	=	0.09

Nippon Ichi Software (TSE:3851) 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.

Nippon Ichi Software LT-Debt-to-Total-Asset Related Terms

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Nippon Ichi Software (TSE:3851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nippon Ichi Software Inc (TSE:3851) » Definitions » LT-Debt-to-Total-Asset

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Address

Kanamihara shi Suahara Tsukioka 3-Chome 17, Gifu prefecture, Gifu, JPN

Website

http://www.nippon1.co.jp

Nippon Ichi Software Inc is engaged in developing, manufacturing, and selling computer software in Japan and other Asian countries, North America, and Europe. It develops software for consumer game machines, mobile game machines, mobile phones, smartphones, arcades, Web and produces content of various genres.

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