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

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What is Nitto Kogyo 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. Nitto Kogyo's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Nitto Kogyo's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.12). It may suggest that Nitto Kogyo is progressively becoming more dependent on debt to grow their business.

Nitto Kogyo LT-Debt-to-Total-Asset Historical Data

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

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.05

0.10

Nitto Kogyo Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.08	0.08	0.12	0.10

Nitto Kogyo LT-Debt-to-Total-Asset Calculation

Nitto Kogyo'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 )
	=	16546	/	161742
	=	0.10

Nitto Kogyo'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 )
	=	18402	/	151928
	=	0.12

Nitto Kogyo (TSE:6651) 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.

Nitto Kogyo LT-Debt-to-Total-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 » LT-Debt-to-Total-Asset

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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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