Nippon Chuzo K.K. (TSE:5609) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Nippon Chuzo K.K. 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 Chuzo K.K.'s long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Nippon Chuzo K.K.'s long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Sep. 2024 (0.05). It may suggest that Nippon Chuzo K.K. is progressively becoming more dependent on debt to grow their business.

Nippon Chuzo K.K. LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Chuzo K.K.'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 Chuzo K.K. LT-Debt-to-Total-Asset Chart

Nippon Chuzo K.K. Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.02

0.03

0.05

0.06

Nippon Chuzo K.K. 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															0.05	0.06	0.05	0.06	0.05

Nippon Chuzo K.K. LT-Debt-to-Total-Asset Calculation

Nippon Chuzo K.K.'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 )
	=	1290	/	23529
	=	0.05

Nippon Chuzo K.K.'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 )
	=	1065	/	22619
	=

Nippon Chuzo K.K. (TSE:5609) 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 Chuzo K.K. LT-Debt-to-Total-Asset Related Terms

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Nippon Chuzo K.K. Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nippon Chuzo K.K. (TSE:5609) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shiraishi town 2-1, Kawasaki, JPN, 210-9567

Website

http://www.nipponchuzo.co.jp

Nippon Chuzo K.K. is a Japan-based company mainly engaged in the manufacturing and sale of forged products. It operates in three business divisions including Material product division that is engaged in the manufacturing of castings and fabricated materials, particularly for casting machinery. The Engineering division designs and manufactures bridge support and expansion device. And the Construction materials division manages fixed column foot construction.

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