Nippon Sharyo (TSE:7102) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Nippon Sharyo 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. Nippon Sharyo's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Nippon Sharyo's long-term debt to total assets ratio declined from Dec. 2022 (0.37) to Dec. 2023 (0.29). It may suggest that Nippon Sharyo is progressively becoming less dependent on debt to grow their business.

Nippon Sharyo LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Sharyo'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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Nippon Sharyo LT-Debt-to-Total-Asset Chart

Nippon Sharyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.45

0.39

0.38

0.32

0.26

Nippon Sharyo 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															0.32	0.30	0.29	0.29	0.26

Nippon Sharyo LT-Debt-to-Total-Asset Calculation

Nippon Sharyo'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 )
	=	35667	/	136397
	=	0.26

Nippon Sharyo'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 )
	=	37304	/	128127
	=	0.29

Nippon Sharyo (TSE:7102) 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.

Nippon Sharyo LT-Debt-to-Total-Asset Related Terms

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Nippon Sharyo (TSE:7102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Sharyo Ltd (TSE:7102) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7102:Japan

Address

1-1,Sanbonmatsu-cho, Atsuta-ku, Nagoya, JPN, 456-8691

Website

http://www.n-sharyo.co.jp

Nippon Sharyo Ltd is a Japan-based company engaged in the manufacture of railway rolling stock. The company operates through three segments. Its Railway rolling stock segment consists of manufacture and sales of rolling stock. The Transportation equipment and steel structure segment include production and trade of transportation equipment such as freight cars, tank trucks, heavy-duty industrial vehicles, and roadway and railway bridges. Its Construction equipment segment comprises of pile driving rigs, crawler cranes, casing rotators, portable diesel generator sets and emergency generators.

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