Nittoku Co (TSE:6145) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Nittoku 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. Nittoku Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Nittoku Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Sep. 2024 (0.06). It may suggest that Nittoku Co is progressively becoming more dependent on debt to grow their business.

Nittoku Co LT-Debt-to-Total-Asset Historical Data

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

Nittoku Co Annual Data

Trend

Mar15

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Mar17

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Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

Nittoku 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															-	-	-	0.03	0.06

Nittoku Co LT-Debt-to-Total-Asset Calculation

Nittoku 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 )
	=	1584	/	56785
	=	0.03

Nittoku 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 )
	=	3312	/	59803
	=

Nittoku Co (TSE:6145) 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.

Nittoku Co LT-Debt-to-Total-Asset Related Terms

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Nittoku Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nittoku Co Ltd (TSE:6145) » Definitions » LT-Debt-to-Total-Asset

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Address

5-11-20, Shirahata, Minami-ku, Saitama Prefecture, Saitama, JPN, 3368561

Website

http://www.nittoku.co.jp

Nittoku Co Ltd is a Japan-based company engaged in the manufacturing and sale of coil winding machines and peripheral systems. It also engaged in the factory automation systems and contactless smart cards and parts thereof. The product portfolio of the company includes Relay, Injector coil, Pick up coil, Bobbinless coil, and IC Card among others.

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