Noritsu Koki Co (TSE:7744) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Noritsu Koki 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. Noritsu Koki Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Noritsu Koki Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.09). It may suggest that Noritsu Koki Co is progressively becoming less dependent on debt to grow their business.

Noritsu Koki Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Noritsu Koki 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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Noritsu Koki Co LT-Debt-to-Total-Asset Chart

Noritsu Koki Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.21

0.20

0.23

0.31

0.10

Noritsu Koki 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															0.11	0.10	0.10	0.10	0.09

Noritsu Koki Co LT-Debt-to-Total-Asset Calculation

Noritsu Koki Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	31417	/	307257
	=	0.10

Noritsu Koki Co'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 )
	=	26881	/	285445
	=	0.09

Noritsu Koki Co (TSE:7744) 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.

Noritsu Koki Co LT-Debt-to-Total-Asset Related Terms

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Noritsu Koki Co (TSE:7744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Noritsu Koki Co Ltd (TSE:7744) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045

Website

http://www.noritsu.co.jp

Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

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