Nikken Kogaku Co (TSE:9767) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Nikken Kogaku 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. Nikken Kogaku Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Nikken Kogaku Co's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Sep. 2024 (0.03). It may suggest that Nikken Kogaku Co is progressively becoming less dependent on debt to grow their business.

Nikken Kogaku Co LT-Debt-to-Total-Asset Historical Data

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

Nikken Kogaku Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.08

0.06

0.07

0.04

Nikken Kogaku 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															0.07	0.06	0.05	0.04	0.03

Nikken Kogaku Co LT-Debt-to-Total-Asset Calculation

Nikken Kogaku 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 )
	=	282.479	/	7198.659
	=	0.04

Nikken Kogaku 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 )
	=	190.9	/	6142.793
	=

Nikken Kogaku Co (TSE:9767) 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.

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Nikken Kogaku Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nikken Kogaku Co Ltd (TSE:9767) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

17th Floor, Nittochi Nishishinjuku Building, 6-10-1 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023

Website

http://www.nikken-kogaku.co.jp

Nikken Kogaku Co Ltd develops a wide range of products and construction methods such as wave-blocking block, revetment block, natural stone construction method, and other civil engineering products. It primarily serves to the ministry of land, infrastructure, transport and tourism; local governments, construction companies, and construction consultants across Japan.

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