NIPPON CONCEPT (TSE:9386) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is NIPPON CONCEPT 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 CONCEPT's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

NIPPON CONCEPT's long-term debt to total assets ratio declined from Jun. 2023 (0.18) to Jun. 2024 (0.15). It may suggest that NIPPON CONCEPT is progressively becoming less dependent on debt to grow their business.

NIPPON CONCEPT LT-Debt-to-Total-Asset Historical Data

The historical data trend for NIPPON CONCEPT'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 CONCEPT LT-Debt-to-Total-Asset Chart

NIPPON CONCEPT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.23

0.24

0.19

0.17

NIPPON CONCEPT Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.18	0.17	0.16	0.15

NIPPON CONCEPT LT-Debt-to-Total-Asset Calculation

NIPPON CONCEPT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4612.573	/	26942.098
	=	0.17

NIPPON CONCEPT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	4099.257	/	27924.149
	=	0.15

NIPPON CONCEPT (TSE:9386) 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 CONCEPT LT-Debt-to-Total-Asset Related Terms

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NIPPON CONCEPT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NIPPON CONCEPT Corp (TSE:9386) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-2 Uchisaiwaicho, 8th Floor, Fukoku Seimei Building, Chiyoda-ku, Tokyo, JPN, 100-0011

Website

http://www.n-concept.co.jp

NIPPON CONCEPT Corp is engaged in the business of transportation of chemicals and various gases. The company is also involved in the storage of liquid cargo, recovery and destruction of freon gas, cleaning and maintenance of chemical tank containers, and storage and inspection of gas tank containers.

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