Toshiba (Toshiba) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)

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What is Toshiba 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. Toshiba's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Toshiba's long-term debt to total assets ratio declined from Sep. 2022 (0.10) to Sep. 2023 (0.04). It may suggest that Toshiba is progressively becoming less dependent on debt to grow their business.

Toshiba LT-Debt-to-Total-Asset Historical Data

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

Toshiba Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.02

0.09

0.13

0.10

0.11

Toshiba Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.11	0.11	0.04

Toshiba LT-Debt-to-Total-Asset Calculation

Toshiba's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	2931.441	/	26478.783
	=	0.11

Toshiba's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	990.274	/	23108.519
	=	0.04

Toshiba (OTCPK:TOSYY) 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.

Toshiba LT-Debt-to-Total-Asset Related Terms

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Toshiba (Toshiba) Business Description

Industry

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Traded in Other Exchanges

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Address

1-1, Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8001

Website

http://www.toshiba.co.jp

Founded in 1875, Toshiba is Japan's largest semiconductor manufacturer and its second-largest diversified industrial conglomerate. After the accounting scandal in 2015, Toshiba reorganized into six major segments: energy systems and solutions; infrastructure systems and solutions; building solutions; retail and printing solutions; storage and electronic devices solutions; and digital solutions. Toshiba is the second-largest manufacturer of NAND flash memory with a market share of 16.5% in 2017, and it concentrates business resources in this area.