Toyo Suisan Kaisha (TSE:2875) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Toyo Suisan Kaisha 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. Toyo Suisan Kaisha's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Toyo Suisan Kaisha's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Toyo Suisan Kaisha is progressively becoming less dependent on debt to grow their business.

Toyo Suisan Kaisha LT-Debt-to-Total-Asset Historical Data

The historical data trend for Toyo Suisan Kaisha'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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Toyo Suisan Kaisha LT-Debt-to-Total-Asset Chart

Toyo Suisan Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

Toyo Suisan Kaisha 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															0.01	0.01	0.01	0.01	0.01

Toyo Suisan Kaisha LT-Debt-to-Total-Asset Calculation

Toyo Suisan Kaisha'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 )
	=	3075	/	497083
	=	0.01

Toyo Suisan Kaisha'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 )
	=	2954	/	547267
	=	0.01

Toyo Suisan Kaisha (TSE:2875) 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.

Toyo Suisan Kaisha LT-Debt-to-Total-Asset Related Terms

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Toyo Suisan Kaisha (TSE:2875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Toyo Suisan Kaisha Ltd (TSE:2875) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TSUKY:USA

Address

2-13-40, Konan, Minato-ku, Tokyo, JPN, 108-8501

Website

http://www.maruchan.co.jp

Toyo Suisan Kaisha Ltd is a Japanese packaged-food company. The business segments are: domestic instant noodles, overseas instant noodles, frozen and refrigerated food, processed food, cold storage segment, seafood segment and other. The instant noodles segments, domestic and international, account for slightly more than 50% of total sales. The seafood segment offers salmon, shrimps, and cod to convenience stores and mass retailers. The frozen and refrigerated foods segment offers fresh noodles, ramen noodles for commercial use, household product yakisoba noodles, and edamame (green soybean) varieties. The processed foods segment offers packed cooked rice products, freeze-dried products, and packet soups.

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