Nishi-Nippon Financial Holdings (TSE:7189) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Nishi-Nippon Financial 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. Nishi-Nippon Financial Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Nishi-Nippon Financial Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.14) to Jun. 2024 (0.00). It may suggest that Nishi-Nippon Financial Holdings is progressively becoming less dependent on debt to grow their business.

Nishi-Nippon Financial Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nishi-Nippon Financial 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.

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Nishi-Nippon Financial Holdings LT-Debt-to-Total-Asset Chart

Nishi-Nippon Financial Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.14

0.17

0.14

Nishi-Nippon Financial Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.16	0.14	-	-

Nishi-Nippon Financial Holdings LT-Debt-to-Total-Asset Calculation

Nishi-Nippon Financial Holdings'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 )
	=	1869014	/	13483062
	=	0.14

Nishi-Nippon Financial Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0
	=

Nishi-Nippon Financial Holdings (TSE:7189) 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.

Nishi-Nippon Financial Holdings LT-Debt-to-Total-Asset Related Terms

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Nishi-Nippon Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nishi-Nippon Financial Holdings Inc (TSE:7189) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1-1, Hakata-ekimae 3-chome, Hakata-ku, Fukuoka-shi, JPN, 812-0011

Website

http://www.nnfh.co.jp

Nishi-Nippon Financial Holdings Inc is a bank holding company. The Company through its holding offers banking products and services.

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