Dainichiseika Color & Chemicals Mfg Co (TSE:4116) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is Dainichiseika Color & Chemicals Mfg 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. Dainichiseika Color & Chemicals Mfg Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Dainichiseika Color & Chemicals Mfg Co's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.05). It may suggest that Dainichiseika Color & Chemicals Mfg Co is progressively becoming less dependent on debt to grow their business.

Dainichiseika Color & Chemicals Mfg Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dainichiseika Color & Chemicals Mfg 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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Dainichiseika Color & Chemicals Mfg Co LT-Debt-to-Total-Asset Chart

Dainichiseika Color & Chemicals Mfg Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.09

0.11

0.07

0.05

Dainichiseika Color & Chemicals Mfg 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															0.07	0.06	0.05	0.05	0.05

Dainichiseika Color & Chemicals Mfg Co LT-Debt-to-Total-Asset Calculation

Dainichiseika Color & Chemicals Mfg 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 )
	=	9506	/	194852
	=	0.05

Dainichiseika Color & Chemicals Mfg 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 )
	=	9891	/	197241
	=	0.05

Dainichiseika Color & Chemicals Mfg Co (TSE:4116) 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.

Dainichiseika Color & Chemicals Mfg Co LT-Debt-to-Total-Asset Related Terms

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Dainichiseika Color & Chemicals Mfg Co (TSE:4116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dainichiseika Color & Chemicals Mfg Co Ltd (TSE:4116) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

1-7-6, Nihonbashi-Bakurocho, Chuo-ku, Tokyo, JPN, 103-8383

Website

http://www.daicolor.co.jp

Dainichiseika Color and Chemicals manufactures and sells pigments, plastics, and inks in five segments based on product type. The polymers segment, which generates the majority of revenue, sells plastic resins used to produce interior components for automobiles, polyurethane coatings and adhesives, and textile coatings. The pigments segment sells inorganic pigments and colorants. The prepared colors and chemicals segment sells colorants used in plastics and coatings. The printing inks segment sells inks for printing and gravure. The other segment leases real estate properties.

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