Nittetsu Mining Co (TSE:1515) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Nittetsu Mining 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. Nittetsu Mining Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Nittetsu Mining Co's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that Nittetsu Mining Co is progressively becoming less dependent on debt to grow their business.

Nittetsu Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nittetsu Mining 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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Nittetsu Mining Co LT-Debt-to-Total-Asset Chart

Nittetsu Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.03

0.01

0.02

Nittetsu Mining Co 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															0.01	-	0.01	0.01	0.02

Nittetsu Mining Co LT-Debt-to-Total-Asset Calculation

Nittetsu Mining Co'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 )
	=	4159	/	229577
	=	0.02

Nittetsu Mining 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 )
	=	2561	/	221952
	=	0.01

Nittetsu Mining Co (TSE:1515) 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.

Nittetsu Mining Co LT-Debt-to-Total-Asset Related Terms

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Nittetsu Mining Co (TSE:1515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nittetsu Mining Co Ltd (TSE:1515) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7GI:Germany

Address

Yusen Building 3-2, Marunouchi 2-chome, Chiyoda-ku,, Tokyo, JPN, 100-8377

Website

https://www.nittetsukou.co.jp

Nittetsu Mining Co Ltd is a Japanese mining company that deals in both metal and non-metal mineral resources. The company comprises the following main business segments - Non-Metallic Minerals, Metallic Minerals, Machinery and Environmental Engineering, Real Estate, and Renewable Energy. The company also involved in the purchasing and distribution of coal and petroleum products, machinery and environment-related products.

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