Tohoku Electric Power Co (Tohoku Electric Power Co) Debt-to-Asset : 0.58 (As of Dec. 2023)

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What is Tohoku Electric Power Co Debt-to-Asset?

Tohoku Electric Power Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Tohoku Electric Power Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $21,219 Mil. Tohoku Electric Power Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $36,843 Mil. Tohoku Electric Power Co's debt to asset for the quarter that ended in Dec. 2023 was 0.58.

Tohoku Electric Power Co Debt-to-Asset Historical Data

The historical data trend for Tohoku Electric Power Co'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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Tohoku Electric Power Co Debt-to-Asset Chart

Tohoku Electric Power Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.48

0.50

0.59

Tohoku Electric Power Co 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															0.60	0.59	0.60	0.58	0.58

Competitive Comparison of Tohoku Electric Power Co's Debt-to-Asset

For the Utilities - Renewable subindustry, Tohoku Electric Power Co'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.

Tohoku Electric Power Co's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tohoku Electric Power Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tohoku Electric Power Co's Debt-to-Asset falls into.

Tohoku Electric Power Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tohoku Electric Power Co'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
	=	(0	+	23006.42)	/	38992.566
	=	0.59

Tohoku Electric Power Co'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
	=	(0	+	21218.879)	/	36843.469
	=	0.58

Tohoku Electric Power Co (OTCPK:TEPCY) 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.

Tohoku Electric Power Co Debt-to-Asset Related Terms

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Tohoku Electric Power Co (Tohoku Electric Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tohoku Electric Power Co Inc (OTCPK:TEPCY) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

9506:Japan

Address

1-7-1 Honcho, Aoba-ku, Miyagi, Sendai, JPN, 980-8550

Website

https://www.tohoku-epco.co.jp

Tohoku Electric Power Co Inc is an electric utility company operating in and serving the Tohoku region of the Japanese archipelago. The country separates its activities into Electric power, Construction, and Other business segments. Almost all of the company's revenue comes from its Electric power business in the form of electricity sales. Tohoku Electric produces power through its portfolio of facilities utilizing nuclear, liquefied natural gas, coal, oil, hydro, geothermal, solar, and wind fuel sources. Most of the company's energy production comes from its thermal, non-renewable sites, which it then transmits and distributes to mainly residential customers. Tohoku Electric Power produces sizable amounts of Japan's total geothermal and wind energy output, as well.

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