Aisan Industry Co (NGO:7283) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Aisan Industry Co 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. Aisan Industry Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Aisan Industry Co's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.13). It may suggest that Aisan Industry Co is progressively becoming less dependent on debt to grow their business.

Aisan Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aisan Industry Co'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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Aisan Industry Co LT-Debt-to-Total-Asset Chart

Aisan Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.18

0.16

0.13

0.18

0.12

Aisan Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.16	0.13	0.12

Aisan Industry Co LT-Debt-to-Total-Asset Calculation

Aisan Industry Co'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 )
	=	31526	/	272549
	=	0.12

Aisan Industry Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	31516	/	248886
	=	0.13

Aisan Industry Co (NGO:7283) 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.

Aisan Industry Co LT-Debt-to-Total-Asset Related Terms

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Aisan Industry Co (NGO:7283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aisan Industry Co Ltd (NGO:7283) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7283:Japan

Address

1-1-1 Kyowa-cho, Obu-shi, Aichi-ken, JPN, 474-8588

Website

http://www.aisan-ind.co.jp

Aisan Industry Co Ltd is a Japan based company engaged in manufacturing and sales of automotive parts. Its products include Fuel system products such as Fuel pump module to regulate pressure of the fuel; Intake and exhaust system products including throttle body, intake manifold, exhaust gas re-circulation product, positive crankcase ventilation valve; Emission control system products such as charcoal canister; Valve train system such as Engine Valve; Products for motorcycle such as FI System for Small Motorcycle, Titanium Alloy Engine Valve for Motorcycle, Charcoal Canister for Motorcycle; and Products for green vehicle includes products for fuel cell vehicle, products for electric vehicle and gas fuel systems for LPG, CNG.

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