Taiheiyo Cement (FSE:5233) Debt-to-Asset : 0.29 (As of Dec. 2023)

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What is Taiheiyo Cement Debt-to-Asset?

Taiheiyo Cement's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円168,807 Mil. Taiheiyo Cement's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円229,450 Mil. Taiheiyo Cement's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was 円1,367,289 Mil. Taiheiyo Cement's debt to asset for the quarter that ended in Dec. 2023 was 0.29.

Taiheiyo Cement Debt-to-Asset Historical Data

The historical data trend for Taiheiyo Cement's Debt-to-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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Taiheiyo Cement Debt-to-Asset Chart

Taiheiyo Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.28

0.25

0.26

0.34

0.30

Taiheiyo Cement Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.34	0.32	0.29	0.29	0.30

Competitive Comparison of Taiheiyo Cement's Debt-to-Asset

For the Building Materials subindustry, Taiheiyo Cement's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Taiheiyo Cement's Debt-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Taiheiyo Cement's Debt-to-Asset falls into.

Taiheiyo Cement Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Taiheiyo Cement's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(142915	+	252358)	/	1338251
	=	0.30

Taiheiyo Cement's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(168807	+	229450)	/	1367289
	=	0.29

Taiheiyo Cement (FSE:5233) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Taiheiyo Cement Debt-to-Asset Related Terms

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Taiheiyo Cement (FSE:5233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiheiyo Cement Corp (FSE:5233) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

THYCF:USA 5233:Japan

Address

Daiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo, JPN, 104-8518

Website

http://www.taiheiyo-cement.co.jp

Taiheiyo Cement Corp manufactures and sells construction materials to the building, construction, and infrastructure industries. The company also generates biomass power. The firm organizes itself in six segments based on function and location: Cement, Mineral Resources, Environmental, Construction Materials, Ceramics, and Electronics. The Cement segment, which generates the majority of revenue, sells cement, ready-mix concrete. The Mineral Resources segment extracts and sells limestone and construction materials. The Environmental segment turns waste into power and cement and sells desulfurization products to coal power plants. The majority of revenue is generated in Asia and the United States.

Taiheiyo Cement (FSE:5233) Headlines

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