Nippon Express Holdings (TSE:9147) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Nippon Express Holdings 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 Express Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Nippon Express Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.25). It may suggest that Nippon Express Holdings is progressively becoming more dependent on debt to grow their business.

Nippon Express Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nippon Express Holdings'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.

* Premium members only.

Nippon Express Holdings LT-Debt-to-Total-Asset Chart

Nippon Express Holdings Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.22

0.27

Nippon Express Holdings Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.24	0.24	0.25	0.27	0.25

Nippon Express Holdings LT-Debt-to-Total-Asset Calculation

Nippon Express Holdings'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 )
	=	560871	/	2107116
	=	0.27

Nippon Express Holdings'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 )
	=	554464	/	2182715
	=	0.25

Nippon Express Holdings (TSE:9147) 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 Express Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Nippon Express Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nippon Express Holdings (TSE:9147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nippon Express Holdings Inc (TSE:9147) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NPEHF:USA

Address

2 Kanda Izumicho, Chiyoda-ku, Tokyo, JPN, 101-0024

Website

Nippon Express Holdings Inc is engaged in the management and related operations for corporate group companies such as truck transportation business.

Nippon Express Holdings (TSE:9147) Headlines

No Headlines