Nitto Seimo Co (TSE:3524) LT-Debt-to-Total-Asset : 0.24 (As of Jan. 2024)

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What is Nitto Seimo 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. Nitto Seimo Co's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.24.

Nitto Seimo Co's long-term debt to total assets ratio declined from Jan. 2023 (0.25) to Jan. 2024 (0.24). It may suggest that Nitto Seimo Co is progressively becoming less dependent on debt to grow their business.

Nitto Seimo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nitto Seimo 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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Nitto Seimo Co LT-Debt-to-Total-Asset Chart

Nitto Seimo Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.21

0.16

0.21

0.26

0.27

Nitto Seimo Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.27	0.26	0.25	0.24

Nitto Seimo Co LT-Debt-to-Total-Asset Calculation

Nitto Seimo Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	7594.785	/	28223.134
	=	0.27

Nitto Seimo Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	7173.419	/	29943.07
	=	0.24

Nitto Seimo Co (TSE:3524) 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 Seimo Co LT-Debt-to-Total-Asset Related Terms

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Nitto Seimo Co (TSE:3524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Seimo Co Ltd (TSE:3524) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

3524:Japan

Address

2-20-15 Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nittoseimo.co.jp

Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.

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