Nestle Nigeria (NSA:NSTL) Debt-to-Asset : 0.73 (As of Mar. 2024)

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What is Nestle Nigeria Debt-to-Asset?

Nestle Nigeria's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦19,260 Mil. Nestle Nigeria's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₦547,859 Mil. Nestle Nigeria's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₦775,540 Mil. Nestle Nigeria's debt to asset for the quarter that ended in Mar. 2024 was 0.73.

Nestle Nigeria Debt-to-Asset Historical Data

The historical data trend for Nestle Nigeria'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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Nestle Nigeria Debt-to-Asset Chart

Nestle Nigeria Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.07

0.17

0.25

0.38

0.69

Nestle Nigeria 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															0.42	0.65	0.64	0.69	0.73

Competitive Comparison of Nestle Nigeria's Debt-to-Asset

For the Packaged Foods subindustry, Nestle Nigeria'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.

Nestle Nigeria's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Nigeria's Debt-to-Asset distribution charts can be found below:

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

Nestle Nigeria Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nestle Nigeria's Debt-to-Asset for the fiscal year 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
	=	(37371.366	+	365127.523)	/	581774.407
	=	0.69

Nestle Nigeria's Debt-to-Asset for the quarter 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
	=	(19259.878	+	547858.781)	/	775540.117
	=	0.73

Nestle Nigeria (NSA:NSTL) 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.

Nestle Nigeria Debt-to-Asset Related Terms

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Nestle Nigeria (NSA:NSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nestle Nigeria PLC (NSA:NSTL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22-24, Industrial Avenue, Ilupeju, Lagos, Ikeja, NGA, P.M.B. 21164

Website

https://www.nestle-cwa.com

Nestle Nigeria PLC is a food and beverage company. It is involved in the business of manufacturing, marketing, and distribution of food products. The firm has categorized its products into Baby foods, Coffee, Culinary, Dairy, Drinks, and Recipes. It develops and markets its products under brands such as Cerelac, Nescafe, Nido, Maggi, Milo, etc. The company has Food and Beverage reportable segments. The food segment engaged in the production and sale of Maggi, Cerelac, SMA, Nan, Lactogen, and Golden Morn. The beverages segment consists of the production and sale of Milo, Chocomilo, Nido, Nescafe, Milo ready-to-drink, and Nestle Pure Life. The food segment generates the majority of the revenue. The majority of the revenue is generated from Nigeria.

Nestle Nigeria (NSA:NSTL) Headlines

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