Naikai Zosen (TSE:7018) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Naikai Zosen 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. Naikai Zosen's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Naikai Zosen's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Sep. 2024 (0.08). It may suggest that Naikai Zosen is progressively becoming less dependent on debt to grow their business.

Naikai Zosen LT-Debt-to-Total-Asset Historical Data

The historical data trend for Naikai Zosen'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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Naikai Zosen LT-Debt-to-Total-Asset Chart

Naikai Zosen Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.13

0.18

0.15

0.13

0.11

Naikai Zosen 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															0.11	0.13	0.12	0.11	0.08

Naikai Zosen LT-Debt-to-Total-Asset Calculation

Naikai Zosen'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 )
	=	4880	/	43819
	=	0.11

Naikai Zosen'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 )
	=	3510	/	43110
	=

Naikai Zosen (TSE:7018) 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.

Naikai Zosen LT-Debt-to-Total-Asset Related Terms

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Naikai Zosen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Naikai Zosen Corp (TSE:7018) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

226-6 swamp town Setoda Onomichi, Hiroshima, JPN, 722-2493

Website

http://www.naikaizosen.co.jp

Naikai Zosen Corp is a shipbuilding company. The company constructs various ships, such as container ships, product tankers, car carriers, bulk carriers, chemical tankers, cargo ships, passenger ferries, and research vessels.

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