Minebea Mitsumi (STU:MEA) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Minebea Mitsumi 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. Minebea Mitsumi's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Minebea Mitsumi's long-term debt to total assets ratio increased from Mar. 2023 (0.13) to Mar. 2024 (0.15). It may suggest that Minebea Mitsumi is progressively becoming more dependent on debt to grow their business.

Minebea Mitsumi LT-Debt-to-Total-Asset Historical Data

The historical data trend for Minebea Mitsumi'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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Minebea Mitsumi LT-Debt-to-Total-Asset Chart

Minebea Mitsumi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.15

0.14

0.10

0.13

0.15

Minebea Mitsumi 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															0.13	0.13	0.15	0.16	0.15

Minebea Mitsumi LT-Debt-to-Total-Asset Calculation

Minebea Mitsumi'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 )
	=	1321.154	/	8696.065
	=	0.15

Minebea Mitsumi's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1321.154	/	8696.065
	=	0.15

Minebea Mitsumi (STU:MEA) 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.

Minebea Mitsumi LT-Debt-to-Total-Asset Related Terms

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Minebea Mitsumi (STU:MEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minebea Mitsumi Inc (STU:MEA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

MNBEF:USA 6479:Japan

Address

3-9-6, Mita, Minato-ku, Tokyo, JPN, 108-8330

Website

https://www.minebeamitsumi.com

Minebea Mitsumi Inc is an electronic components company. Its operating segments are Machined components, Electronic devices and components and MITSUMI business. The machined components segment manufactures mechanical parts including ball bearings, rod-end bearings, pivot assemblies for hard disk drive (HDD), and screws for automobiles and aircrafts. The electronic devices and components segment manufactures electronic devices (such as LED backlights and sensing devices), HDD spindle motors, stepping motors, DC motors, air movers (fan motors), precision motors and specialized devices. And The MITSUMI business segment manufactures semiconductor devices, optical devices, mechanical parts, high-frequency components, and power supply parts.

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