Nippon Ski Resort Development Co (TSE:6040) LT-Debt-to-Total-Asset : 0.24 (As of Jan. 2024)

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

Nippon Ski Resort Development Co's long-term debt to total assets ratio increased from Jan. 2023 (0.02) to Jan. 2024 (0.24). It may suggest that Nippon Ski Resort Development Co is progressively becoming more dependent on debt to grow their business.

Nippon Ski Resort Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Ski Resort Development 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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Nippon Ski Resort Development Co LT-Debt-to-Total-Asset Chart

Nippon Ski Resort Development Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.04

0.14

0.20

0.06

0.05

Nippon Ski Resort Development 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															0.02	0.02	0.05	0.26	0.24

Nippon Ski Resort Development Co LT-Debt-to-Total-Asset Calculation

Nippon Ski Resort Development Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	379.083	/	7610.581
	=	0.05

Nippon Ski Resort Development 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 )
	=	2618.242	/	11131.426
	=	0.24

Nippon Ski Resort Development Co (TSE:6040) 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 Ski Resort Development Co LT-Debt-to-Total-Asset Related Terms

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Nippon Ski Resort Development Co (TSE:6040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nippon Ski Resort Development Co Ltd (TSE:6040) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

6329-1, Hokujo, Hakuba-mura Kitaazumi-gun, Nagano, JPN, 399-9301

Website

http://www.nippon-ski.jp

Nippon Ski Resort Development Co Ltd engages in the management and operation of ski resorts, and relevant facilities and services. It also provides consulting and advisory services on ski resorts, including technical support, business support, rental business support, and other services.

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