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Noritz (TSE:5943) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)


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What is Noritz 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. Noritz's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Noritz's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Noritz is progressively becoming more dependent on debt to grow their business.


Noritz LT-Debt-to-Total-Asset Historical Data

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

Noritz Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
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Noritz Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Noritz LT-Debt-to-Total-Asset Calculation

Noritz's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=0/207771
=0.00

Noritz's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=748/214533
=0.00

* 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.


Noritz  (TSE:5943) 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.


Noritz LT-Debt-to-Total-Asset Related Terms

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Noritz (TSE:5943) Business Description

Traded in Other Exchanges
Address
93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Noritz Corp is a Japanese company that develops and manufactures various heating and household appliances. The company operates across North America, Brazil, East Asia, Hong Kong, Oceania, and Europe. The firm's activities are divided between its Domestic Business and Overseas Business. These businesses are further segmented into a Heating Ventilation and Air Conditioning (HVAC) unit that includes water, gas, and hydronic heating systems; a Renewable Energies unit that includes solar heaters and photovoltaic power generation systems; a Housing Equipment unit that includes built-in bath and kitchen systems; and a Kitchen Appliances unit that includes gas cookers. Geographically, the majority of revenue is derived from the company's sales in Asia.

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