Denso (DNZOY) Debt-to-Asset : 0.11 (As of Dec. 2023)

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What is Denso Debt-to-Asset?

Denso's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,742 Mil. Denso's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,705 Mil. Denso's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $57,782 Mil. Denso's debt to asset for the quarter that ended in Dec. 2023 was 0.11.

Denso Debt-to-Asset Historical Data

The historical data trend for Denso'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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Denso Debt-to-Asset Chart

Denso Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.10

0.08

0.13

0.12

Denso Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.14	0.12	0.11	0.11	0.11

Competitive Comparison of Denso's Debt-to-Asset

For the Auto Parts subindustry, Denso'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.

Denso's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Denso's Debt-to-Asset distribution charts can be found below:

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

Denso Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Denso's Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(2270.681	+	4382.359)	/	55427.38
	=	0.12

Denso'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
	=	(2741.623	+	3704.782)	/	57782.041
	=	0.11

Denso (OTCPK:DNZOY) 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.

Denso Debt-to-Asset Related Terms

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Denso (DNZOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Denso Corp (OTCPK:DNZOY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

DNZOF:USA 6902:Japan 6902:Japan DNO:Germany

Address

1-1 Showa-cho, Kariya, JPN, 448-8661

Website

http://www.denso.co.jp

Denso manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder with 24.75% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly hybrid, internal combustion engine, battery electric, and fuel cell vehicles. The company operates globally and is headquartered in Kariya, Japan.