Nippon Gear Co (TSE:6356) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Nippon Gear 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 Gear Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Nippon Gear Co's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.02). It may suggest that Nippon Gear Co is progressively becoming less dependent on debt to grow their business.

Nippon Gear Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Gear 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.

Nippon Gear Co LT-Debt-to-Total-Asset Chart

Nippon Gear 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

0.06

0.05

0.04

0.03

Nippon Gear 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															0.05	0.03	0.03	0.02	0.02

Nippon Gear Co LT-Debt-to-Total-Asset Calculation

Nippon Gear 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 )
	=	366.464	/	12716.194
	=	0.03

Nippon Gear 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 )
	=	256.155	/	14100.312
	=	0.02

Nippon Gear Co (TSE:6356) 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 Gear Co LT-Debt-to-Total-Asset Related Terms

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

Nippon Gear Co (TSE:6356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811

Website

http://www.nippon-gear.jp

Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

Nippon Gear Co (TSE:6356) Headlines

No Headlines