Nitori Holdings Co (TSE:9843) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Nitori Holdings 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. Nitori Holdings Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Nitori Holdings Co's long-term debt to total assets ratio declined from Aug. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that Nitori Holdings Co is progressively becoming less dependent on debt to grow their business.

Nitori Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nitori Holdings 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.

Nitori Holdings Co LT-Debt-to-Total-Asset Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.02

0.01

0.02

0.01

0.06

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.03	0.03

Nitori Holdings Co LT-Debt-to-Total-Asset Calculation

Nitori Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2022 is calculated as

LT Debt to Total Assets (A: Feb. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2022 )	/	Total Assets (A: Feb. 2022 )
	=	56003	/	983840
	=	0.06

Nitori Holdings 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 )
	=	40188	/	1196126
	=	0.03

Nitori Holdings Co (TSE:9843) 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.

Nitori Holdings Co LT-Debt-to-Total-Asset Related Terms

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

Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

Nitori Holdings Co (TSE:9843) Headlines

No Headlines