Nakamichi leasing Co (SSE:8594) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is Nakamichi leasing 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. Nakamichi leasing Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

Nakamichi leasing Co's long-term debt to total assets ratio declined from Dec. 2022 (0.51) to Dec. 2023 (0.50). It may suggest that Nakamichi leasing Co is progressively becoming less dependent on debt to grow their business.

Nakamichi leasing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nakamichi leasing 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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Nakamichi leasing Co LT-Debt-to-Total-Asset Chart

Nakamichi leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.50

0.52

0.51

0.50

Nakamichi leasing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.46	0.47	0.49	0.50

Nakamichi leasing Co LT-Debt-to-Total-Asset Calculation

Nakamichi leasing Co'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 )
	=	75000.733	/	151446.899
	=	0.50

Nakamichi leasing 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 )
	=	75000.733	/	151446.899
	=	0.50

Nakamichi leasing Co (SSE:8594) 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.

Nakamichi leasing Co LT-Debt-to-Total-Asset Related Terms

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Nakamichi leasing Co (SSE:8594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nakamichi leasing Co Ltd (SSE:8594) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-3-3 Higashi Kita-Ichijo, Chuo-ku, Sapporo, JPN, 060-8539

Website

http://www.nakamichi-leasing.co.jp

Nakamichi leasing Co Ltd is a Japanese firm which provides general leasing services. It offers finance lease, deferred payment sale (installment) transaction, car and automobile leasing, and financing activities. It has a space system which provides rental service and it also provides comprehensive energy conservation service.

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