Nippon Pallet Pool Co (TSE:4690) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Nippon Pallet Pool 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 Pallet Pool Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Nippon Pallet Pool Co's long-term debt to total assets ratio declined from Jun. 2023 (0.15) to Sep. 2024 (0.09). It may suggest that Nippon Pallet Pool Co is progressively becoming less dependent on debt to grow their business.

Nippon Pallet Pool Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Pallet Pool 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 Pallet Pool Co LT-Debt-to-Total-Asset Chart

Nippon Pallet Pool Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.13

0.12

0.14

0.11

Nippon Pallet Pool Co 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															0.15	0.13	0.12	0.11	0.09

Nippon Pallet Pool Co LT-Debt-to-Total-Asset Calculation

Nippon Pallet Pool Co'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 )
	=	1228.37	/	11204.369
	=	0.11

Nippon Pallet Pool Co'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 )
	=	954.998	/	10615.503
	=

Nippon Pallet Pool Co (TSE:4690) 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 Pallet Pool Co LT-Debt-to-Total-Asset Related Terms

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Nippon Pallet Pool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Nippon Pallet Pool Co Ltd (TSE:4690) » Definitions » LT-Debt-to-Total-Asset

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Address

2-8-11 Shibata, Kyoei Building, Kita-ku, Osaka, JPN, 530 0012

Website

http://www.npp-web.co.jp

Nippon Pallet Pool Co Ltd is a Japan based company engaged in the business of providing a pallet pool system that enables corporate activities and supports physical distribution.

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