Nitto Kogyo (TSE:6651) Debt-to-Asset : 0.12 (As of Dec. 2023)

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What is Nitto Kogyo Debt-to-Asset?

Nitto Kogyo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円170 Mil. Nitto Kogyo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円18,402 Mil. Nitto Kogyo's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円151,928 Mil. Nitto Kogyo's debt to asset for the quarter that ended in Dec. 2023 was 0.12.

Nitto Kogyo Debt-to-Asset Historical Data

The historical data trend for Nitto Kogyo's Debt-to-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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Nitto Kogyo Debt-to-Asset Chart

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.04

0.03

0.05

0.12

Nitto Kogyo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.05	0.08	0.08	0.12	0.12

Competitive Comparison of Nitto Kogyo's Debt-to-Asset

For the Electrical Equipment & Parts subindustry, Nitto Kogyo's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nitto Kogyo's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nitto Kogyo's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Nitto Kogyo's Debt-to-Asset falls into.

Nitto Kogyo Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nitto Kogyo's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2010	+	16546)	/	161742
	=	0.11

Nitto Kogyo's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(170	+	18402)	/	151928
	=	0.12

Nitto Kogyo (TSE:6651) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nitto Kogyo Debt-to-Asset Related Terms

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Nitto Kogyo (TSE:6651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kogyo Corp (TSE:6651) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

6651:Japan

Address

2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189

Website

https://www.nito.co.jp

Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

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