Nankai Chemical Co (TSE:4040) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Nankai Chemical 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. Nankai Chemical Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Nankai Chemical Co's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.14). It may suggest that Nankai Chemical Co is progressively becoming less dependent on debt to grow their business.

Nankai Chemical Co LT-Debt-to-Total-Asset Historical Data

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

Nankai Chemical Co Annual Data

Trend

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

0.24

0.21

0.18

Nankai Chemical Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.19	0.18	0.16	0.16	0.14

Nankai Chemical Co LT-Debt-to-Total-Asset Calculation

Nankai Chemical Co'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 )
	=	3378	/	18346
	=	0.18

Nankai Chemical Co'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 )
	=	2719	/	19503
	=	0.14

Nankai Chemical Co (TSE:4040) 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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Nankai Chemical Co (TSE:4040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nankai Chemical Co Ltd (TSE:4040) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-19 Minamihorie, Yotsubashi Star Building, Nishi-ku, Osaka, JPN, 550-0015

Website

https://www.nankai-chem.co.jp

Nankai Chemical Co Ltd is engaged in the manufacturing and sales of chemical products, agricultural products, quasi-drugs and food additives. collecting, transporting, and recycling of industrial wastes.

Nankai Chemical Co (TSE:4040) Headlines

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