Nagano Keiki Co (TSE:7715) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Nagano Keiki 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. Nagano Keiki Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Nagano Keiki Co's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.07). It may suggest that Nagano Keiki Co is progressively becoming more dependent on debt to grow their business.

Nagano Keiki Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nagano Keiki 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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Nagano Keiki Co LT-Debt-to-Total-Asset Chart

Nagano Keiki Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.08

0.09

0.08

Nagano Keiki 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															0.09	0.08	0.08	0.07	0.08

Nagano Keiki Co LT-Debt-to-Total-Asset Calculation

Nagano Keiki 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 )
	=	5632.265	/	72368.514
	=	0.08

Nagano Keiki 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 )
	=	4740.617	/	68716.728
	=	0.07

Nagano Keiki Co (TSE:7715) 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.

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Nagano Keiki Co (TSE:7715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nagano Keiki Co Ltd (TSE:7715) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1-30-4 Higashimagome, Ohta-ku, Tokyo, JPN, 143-8544

Website

http://www.naganokeiki.co.jp

Nagano Keiki Co Ltd is engaged in the production and sale of pressure gauges, pressure sensors and measurement control equipment in Japan. Its products portfolio includes pressure gauges, including compound, vacuum, differential, low pressure, absolute, and diaphragm-seal type products; mechanical and electrical types switches, indicators with switches, and plug-in connectors for pressure switches; pressure sensors comprising pressure transmitters, load and level sensors, converters and various types of temperature gauges.

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