Seiren Co (TSE:3569) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Seiren 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. Seiren Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Seiren Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.09). It may suggest that Seiren Co is progressively becoming less dependent on debt to grow their business.

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

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

Seiren Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.11

0.21

0.17

0.14

0.09

Seiren 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															0.14	0.13	0.12	0.12	0.09

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

Seiren 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 )
	=	16839	/	187458
	=	0.09

Seiren Co'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 )
	=	16839	/	187458
	=	0.09

Seiren Co (TSE:3569) 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.

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

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Seiren Co (TSE:3569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Seiren Co Ltd (TSE:3569) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-10-1 Keya, Fukui-ku, Fukui, JPN, 918-8003

Website

http://www.seiren.com

Seiren Co Ltd is a Japan-based fiber manufacturing company. It is a dyeing processor of filament fibers. The company also produces silk, synthetic fibers and textile products used in household interior and apparel. It manufactures industrial materials including automobile interiors such as seats and air bags. The company's segment includes Automotive Interior, High Fashion, Electronics, Environment and Life Materials, Medical and Other. The company generates the majority of its revenue from the Automotive Interior segment.

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