Nippon Chemical Industrial Co (TSE:4092) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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

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

Nippon Chemical Industrial Co LT-Debt-to-Total-Asset Historical Data

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

Nippon Chemical Industrial Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.08

0.12

0.10

0.13

Nippon Chemical Industrial Co 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	0.13	0.12	0.09	0.09

Nippon Chemical Industrial Co LT-Debt-to-Total-Asset Calculation

Nippon Chemical Industrial 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 )
	=	9289	/	72897
	=	0.13

Nippon Chemical Industrial 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 )
	=	6562	/	74456
	=	0.09

Nippon Chemical Industrial Co (TSE:4092) 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 Chemical Industrial Co LT-Debt-to-Total-Asset Related Terms

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Nippon Chemical Industrial Co (TSE:4092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Chemical Industrial Co Ltd (TSE:4092) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

9-11-1 Kameido, Koto-ku, Tokyo, JPN, 136-8515

Website

http://www.nippon-chem.co.jp

Nippon Chemical Industrial Co., Ltd. is a Japanese based company. The company is engaged in manufacturing and sale of chemical products. It offers a range of products under inorganic and specialty chemicals division. Its inorganic chemical products include chromium, silicates, phosphorus, and barium. It also offers specialty chemicals, such as electronic ceramic materials, barium compounds, circuit materials, battery materials, organic phosphorus compounds, pharmaceutical and agrochemical intermediates, semiconductor materials, and flame retardants, as well as other specialty products comprising thiourea and high purity thiourea.

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