Showangyo Co (TSE:2004) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Showangyo 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. Showangyo Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Showangyo Co's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.10). It may suggest that Showangyo Co is progressively becoming more dependent on debt to grow their business.

Showangyo Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Showangyo 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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Showangyo Co LT-Debt-to-Total-Asset Chart

Showangyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.08

0.11

0.10

0.08

0.10

Showangyo 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															0.08	0.08	0.08	0.10	0.10

Showangyo Co LT-Debt-to-Total-Asset Calculation

Showangyo 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 )
	=	26736	/	262238
	=	0.10

Showangyo 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 )
	=	25300	/	262915
	=	0.10

Showangyo Co (TSE:2004) 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.

Showangyo Co LT-Debt-to-Total-Asset Related Terms

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Showangyo Co (TSE:2004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Showa Sangyo Co Ltd (TSE:2004) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kamakuragashi Building, 2-2-1,Uchikanda, Chiyoda-ku, Tokyo, JPN, 101-8521

Website

http://www.showa-sangyo.co.jp

Showa Sangyo Co Ltd is a comprehensive food manufacturer that operates businesses in flour milling, vegetable oils, starches, sweeteners, and other food items. Based out of Asia, it processes imported raw materials to make seasonings, beverages, frozen foods, and other ready-to-eat products. The products are distributed to retailers and other wholesalers to help provide a diversified reach. Additional sources of income come from warehousing and real estate. It owns large silos to store grain for internal use and to supply other manufacturers. The real estate division develops commercial facilities and leases office buildings and acreage.

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