Nissei Plastic Industrial Co (TSE:6293) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Nissei Plastic 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. Nissei Plastic Industrial Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Nissei Plastic Industrial Co's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.10). It may suggest that Nissei Plastic Industrial Co is progressively becoming more dependent on debt to grow their business.

Nissei Plastic Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nissei Plastic 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.

* Premium members only.

Nissei Plastic Industrial Co LT-Debt-to-Total-Asset Chart

Nissei Plastic Industrial Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.07

0.10

0.09

0.11

Nissei Plastic 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	0.11	0.10	0.09	0.10

Nissei Plastic Industrial Co LT-Debt-to-Total-Asset Calculation

Nissei Plastic 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 )
	=	8589	/	77645
	=	0.11

Nissei Plastic 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 )
	=	8573	/	90002
	=	0.10

Nissei Plastic Industrial Co (TSE:6293) 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.

Nissei Plastic Industrial Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Nissei Plastic Industrial Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nissei Plastic Industrial Co (TSE:6293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nissei Plastic Industrial Co Ltd (TSE:6293) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6293:Japan

Address

2110 Minamijo, Nagano-ken, Hanishina-gun, Sakaki-machi, JPN, 389-0693

Website

http://www.nisseijushi.co.jp

Nissei Plastic Industrial Co Ltd develops, manufactures, and sells injection molding machines, molds, composite materials, auto-molding systems, measuring instruments. It offers hybrid and electric horizontal injection molding machines; hybrid and electric vertical injection molding machines, and hybrid compact vertical injection molding machines; hybrid and electric 2-color/dissimilar material molding machines; nitrogen gas generators; quality/production control systems; and molding data collecting/recording/analyzing systems.

Nissei Plastic Industrial Co (TSE:6293) Headlines

No Headlines